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  5. Camellia Completes USD31 Million Sale Of Horizon Farm Property

Pin to quick picksCamellia Share News (CAM)

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Share Price Information for Camellia (CAM)

London Stock Exchange
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Share Price: 4,390.00
Bid: 4,320.00
Ask: 4,460.00
Change: -90.00 (-2.01%)
Spread: 140.00 (3.241%)
Open: 4,480.00
High: 0.00
Low: 0.00
Prev. Close: 4,480.00
CAM Live PriceLast checked at -

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Camellia Completes USD31 Million Sale Of Horizon Farm Property

Mon, 16th Nov 2020 14:08

(Alliance News) - Camellia PLC on Monday said it has completed the sale of its Horizon Farm property for USD31 million gross.

Horizon Farms, in which Camellia has an 80% stake, grows pistachios, almonds and citrus fruit.

The Kent-based agriculture and engineering services firm stated in addition to the sale price, the buyer - whose identity was not disclosed - will reimburse certain costs incurred from July 1, 2020, being the effective date of the sale that was first announced in August

Camellia stated it expects net cash from the sale to be GBP17.3 million, which represents a pretax gain on sale of GBP14.0 million

Shares in Camellia were trading 1.4% higher at 6,692.50 pence each on Monday afternoon in London.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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