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Assura Group Ltd announces sale of LIFT Investments

Monday, 25 Nov 2013 02:00am EST 

Assura Group Ltd:Says it has exchanged contracts to sell the equity and loan note investments it holds in seven LIFT(2) companies for a combined consideration of 22.4 million pounds.Says this represents a premium over current book value of 11.2 million pounds (before costs), which equates to over two pence per share on a net assets basis.Says the contracts are conditional on relevant third party consents from LIFT project counterparties and on equity fundraising by one of the potential acquirers.Says it is anticipated that completion will be before the financial year-end. 

Company Quote

-0.5 -1.02%
21 Nov 2014