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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pgi Grp | LSE:PGI | London | Ordinary Share | GB0006911696 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7036G Plantation & General Investmnts.PLC 21 December 2004 PLANTATION & GENERAL INVESTMENTS PLC Plantation & General Investments Plc ("PGI") announces that its newly formed Zambian subsidiary Chalimbana Fresh Produce Ltd (Chalimbana) has agreed to acquire certain agricultural properties and related assets in Zambia from Agriflora Ltd, a company in receivership. Agriflora Ltd was engaged in producing, packing and selling for export fresh vegetables and roses. The total consideration amounts to US$2.5 million payable in cash of which US$0.5 million has been paid as a deposit and US$2 million will be paid on completion, which is expected to be by the end of December 2004. Chalimbana will grow, process and pack vegetables for export to leading UK food retailers. The rose production assets will be transferred to the PGI group's neighbouring subsidiary, Khal Amazi Ltd, which exports cut roses to Europe. This acquisition will, over the next two years, double Khal Amazi's output to about 3 million stems per week. For further information please contact: R J Clothier - Group Chief Executive ) 020 7246 0207 G Moores - Group Finance Director ) This information is provided by RNS The company news service from the London Stock Exchange END ACQUAVNRSURUUAA
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