Cambium Global Timberland to sell Georgia Property for $8.6m

Jersey-based investment group Cambium Global Timberland announced it has sold the company's Clinch County property, in the US state of Georgia, for a total of 8.6m dollars.The net proceeds will be deployed to shrink the group's debt linked to the holding, as well as that relating to the Company's property at Stewart County, also located in Georgia, with the balance being retained for working capital purposes pending further disposals.As of 13:36, the share price was unchanged at 26.75pWS