26th Sep 2005 08:41
Whitbread PLC26 September 2005 26 September 2005 WHITBREAD SELLS CHISWELL STREET SITE Whitbread PLC announced today that it has agreed to sell its conference andbanqueting business and the associated properties at Chiswell Street in Londonto St James Capital Chiswell Street Limited, a member of Earls Court & OlympiaGroup, for a consideration of £55 million. The consideration is payable in cash and the transaction is expected to completein early October. Alan Parker, Chief Executive, Whitbread PLC said "We have previously announcedour strategy to exit from non-core parts of our business and made clear ourplans to dispose of the Chiswell Street site. This has been achieved at a saleprice above book value." For more information please contact: Investor Relations: Dan Waugh, Whitbread PLC +44 (0) 7799 581 763 (m) Press Contacts: Anna Glover, Whitbread PLC +44 (0) 1582 844 439 +44 (0) 7747 766 958(m) Andrew Grant, Tulchan +44 (0) 20 7353 4200 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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