9th Feb 2007 15:49
DCC PLC09 February 2007 Property Assets In DCC's Interim Report to shareholders on 13 November last, attention was drawnto various property assets owned by the DCC Group including a valuable site ofapproximately 1.5 acres at Sandyford Industrial Estate, Dublin 18. Following apublic tender process, the sale of this site was completed today for €40million. Arising from this sale DCC expects to report net exceptional gains ofnot less than €20 million in the year to 31 March 2007. The sale of the Sandyford site is in line with DCC's strategy of optimisingshareholder value from certain property assets including its 49% shareholding in Manor Park Homebuilders Limited. For reference: Jim Flavin, Chief Executive/Deputy ChairmanConor Murphy, Investor Relations Manager Telephone: +353 1 2799400Email: [email protected]: www.dcc.ie Note to EditorsEstablished in 1979, Manor Park Homebuilders Limited is a leading Irishresidential and commercial property development company. DCC and Joe Moran own49% and 51% respectively of its share capital. DCC plc is a sales, marketing and business support services group focused on theenergy, IT and entertainment products, healthcare, food and beverage andenvironmental markets. DCC's shares are listed on the Irish and London StockExchanges. DCC's market capitalisation is approximately €2 billion. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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