14th Sep 2009 16:00
Camellia Plc
Sale of Hacienda Chada S.A., Chile
Camellia Plc announces that an agreement was entered into on 10th September 2009 for the sale of the group's interests in its Chilean subsidiary, Hacienda Chada SA to Agricola Barros Limitada and Inmobiliaria, Asesorías e Inversiones Barros Limitada.
The sale is for a total cash consideration of US$9.5 million, the majority of which will be used to repay borrowings by Hacienda Chada S.A. in accordance with the terms of the sale and purchase agreement.
For further enquiries please contact
Malcolm Perkins, Chairman Camellia Plc
01622 746655
email: [email protected]
www.camellia.plc.uk
14th September 2009
Related Shares:
Camellia