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Bidvest concludes sale of the Dartline Cross Channel Ferry business in the UK

Release Date: 25/01/2006 14:39
Code(s): BDEO BVT
Wrap Text

Bidvest concludes sale of the Dartline Cross Channel Ferry business in the UK The Bidvest Group Limited Incorporated in the Republic of South Africa Registration number 1946/021180/06 Share code: BVT ISIN: ZAE000050449 ("Bidvest") BIDVEST CONCLUDES SALE OF THE DARTLINE CROSS CHANNEL FERRY BUSINESS IN THE UNITED KINGDOM Bidvest announces that it has concluded a transaction for the sale of its cross channel ferry business in the United Kingdom, including the terminal at Dartford, Kent for an amount of GBP58,9 million (fifty eight million nine hundred thousand pounds sterling). The transaction is effective from January 1 2006. Further details of this transaction will be provided on the release of the Group"s results for the six months ended December 31 2005, due to be released on or about Monday February 27 2006. By order of the board January 25 2006 Lead sponsor and investment bank: Investec Bank Limited Joint sponsor: Deutsche Securities (Pty) Limited Date: 25/01/2006 02:39:09 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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