BRIEF-Acal agrees to sell UK parts business to its management team

LONDON Wed Dec 5, 2012 9:16am GMT

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LONDON Dec 5 (Reuters) - Acal PLC : * Proposed disposal * Proposed disposal of one of the businesses contained within its supply chain

division * Agreed to sell its UK new and refurbished parts distribution and outsourcing

business to its management team * For the year ended 31 March 2012, the UK parts business had revenues of

£22.7M * Initial gross consideration for the disposal, if approved, will be £2.0M on a

debt free basis * Disposal is anticipated to result in a loss on disposal of £4.9m