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BVT - The Bidvest Group Limited - Partial sale of investment in Mumbai

Release Date: 19/10/2011 08:36
Code(s): BVT
Wrap Text

BVT - The Bidvest Group Limited - 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 PARTIAL SALE OF INVESTMENT IN MUMBAI INTERNATIONAL AIRPORT PRIVATE LIMITED Further to the announcements released on SENS on March 4 2011 and August 23 2011, shareholders are advised that all the outstanding conditions precedent in relation to the sale of half of Bidvest`s economic interest in Mumbai International Airport Private Limited have now been fulfilled and the transaction has completed. Bidvest expects a positive impact of approximately R400m after transaction costs on the headline earnings of the group as a consequence of the sale transaction. Date: October 19 2011 Johannesburg Sponsor: Investec Date: 19/10/2011 08:36:26 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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