18th Apr 2007 16:44
Camellia PLC18 April 2007 Camellia Plc Disposal of Investment 18th April 2007 Getaz Romang Holding AG ("Getaz Romang"), a company listed on the Swiss StockExchange in which Lawrie International Limited ("Lawrie"), a Bermudian whollyowned subsidiary of Camellia Plc, holds 12,340 shares (approximately 2.50%) hasbeen the subject of a successful public tender offer by CRH Europe Holding BV("CRH"). Getaz Romang is a leading buildings material distributor inSwitzerland. CRH has announced that it now controls 96.79% of the share capital of GetazRomang but that the offer remains open subject to the fulfillment of certainprocedural conditions with the offer expected to be settled on 18th May 2007. Lawrie expects to receive at present exchange rates approximately £5.8millionfor its shares in Getaz Romang of which around £4.9million is profit. Part ofthe proceeds will be used by Lawrie to reduce bank borrowings." For further enquiries please contact Camellia PlcMalcolm Perkins, Chairman01622 74665518th April 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Camellia