LONDON (Thomson Financial) - Volvere PLC said it plans to sell its unit Vectra Group and its s
ubsidiaries to a unit of Arcadis NV for 6.0 mln stg cash.
The activist investor and turnaround investment company said its internal rate of return on investment in Vectra was over 40 pct per annum and added it will have cash resources of over 10 mln stg upon completion of the sale.
The company has convened an extraordinary general meeting on Nov 14 for shareholder approval.
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