22nd Jun 2009 07:00
RNS Number : 2367U
Melrose PLC
22 June 2009
Melrose PLC 22 June 2009
MELROSE PLC
("Melrose")
COMPLETION OF THE SALE OF LOGISTEX NORTH AMERICA (the "Disposal")
Melrose is pleased to confirm the completion of the sale of FKI Logistex Holdings Inc., the holding company of the Logistex North America business, to Intelligrated Inc., as announced on 28 May 2008. The disposal proceeds of US $40m will be used to repay group debt.
Enquiries:
M:Communications
James Hill +44 (0) 20 7153 1559
Rothschild
Financial Advisor
Ravi Gupta +44 (0) 20 7280 5000
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