Analyst Research

Report Title Price
Provider: S&P Capital IQ Quantitative Report
Provider: Wright Reports
Provider: Reuters Investment Profile
Provider: Reuters Investment Profile

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Sappi Ltd Announces Disposal Of Usutu Forest Products Company Limited

Monday, 1 Jul 2013 03:00am EDT 

Sappi Ltd announced that through wholly owned subsidiaries Sappi Southern Africa Limited and Brocas Limited (the Sellers) entered into an agreement with Montigny Investments Limited (Montigny) in terms of which,Montigny will acquire all the shares in, and the shareholder loan claim against, Usutu Forest Products Company Limited (Usutu), from the Sellers (Transaction). The aggregate purchase price payable by Montigny to Sappi is ZAR1 billion and will be settled in cash on closing. The proceeds will be used for general corporate purposes and will reduce Sappi's net debt level on a pro forma basis as at March 31, 2013 to USD2,045 million. 

Company Quote

0.07 +2.24%
17 Apr 2014