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  5. BDR Thermea Sale Completed

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BDR Thermea Sale Completed

2 Nov 2011 07:00

RNS Number : 3051R
Electra Private Equity PLC
02 November 2011
 



EMBARGOED UNTIL 07:00, WEDNESDAY 2 NOVEMBER

ELECTRA PRIVATE EQUITY PLC

 

 

BDR Thermea Sale Completed

 

Further to the announcement of 30 September 2011, Electra Private Equity PLC ("Electra") announces that the sale of heating products manufacturer BDR Thermea Group BV ("BDR") completed on 31 October 2011. As at that date, the Remeha Group BV in the Netherlands is the sole shareholder of BDR.

 

Electra has received initial proceeds of €45 million (£40 million) which represents a little less than 50% of the proceeds due to be received over the next few years.

 

 

Ends

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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