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BVT - The Bidvest Group Limited - Voluntary announcement - Partial sale of

Release Date: 03/03/2011 08:48
Code(s): BVT
Wrap Text

BVT - The Bidvest Group Limited - Voluntary announcement - Partial sale of investment in Mumbai International Airport Private Limited THE BIDVEST GROUP LIMITED ("Bidvest") (Registration number 1946/021180/06) Share code: BVT ISIN ZAE000117321 VOLUNTARY ANNOUNCEMENT - PARTIAL SALE OF INVESTMENT IN MUMBAI INTERNATIONAL AIRPORT PRIVATE LIMITED Bidvest is pleased to announce that its wholly owned subsidiary, Bid Services Division (Mauritius) Limited, has concluded an agreement, subject to conditions, with a subsidiary of GVK Power & Infrastructure Limited, for the sale of half of its economic interest in Mumbai International Airport Private Limited. The agreement is subject to a number of regulatory and other approvals. It is anticipated that the transaction should have a positive impact on headline earnings of the group in this financial year. Further announcements regarding the conclusion of the transaction will be made in due course. This forecast has not been reviewed or reported on by Bidvest`s auditors. Date: March 3 2011 Johannesburg Sponsor: Investec Date: 03/03/2011 08:48:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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