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Name | Symbol | Market | Type |
---|---|---|---|
Electra Pref | LSE:ELTZ | London | Preference Share |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 154.50 | 0 | 01:00:00 |
TIDMELTZ
RNS Number : 4802R
Electra Private Equity Invest PLC
04 November 2011
Electra Completes the Sale of SAV Credit
4 November 2011
Further to the announcement on 27 September, Electra Private Equity PLC ("Electra") is pleased to announce the completion of the sale of its interest in specialist credit card provider, SAV Credit ("SAV"), to Varde Partners.
Electra has received proceeds of GBP40.8 million which, based on the 31 March 2011 valuation of SAV, gives rise to an uplift in diluted NAV per share of 58p, and a return of 1.7x on cost.
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
END
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