December 19, 2016 / 7:25 AM / 7 months ago

BRIEF-Caledonia Investments to sell Park Holidays UK stake

1 Min Read

Dec 19 (Reuters) - Caledonia Investments Plc

* Tiger Bidco limited, a special purpose vehicle incorporated by Intermediate Capital Group Plc

* Caledonia will receive 197 mln stg in cash, net of fees, for sale of its 81.5 pct fully diluted equity stake

* It has agreed terms for sale of Park Holidays UK to Tiger Bidco Limited for a headline enterprise value of 362 mln stg

* Net proceeds will be held on deposit for future investment

* Completion of transaction is conditional on approval of financial conduct authority which could take up to three months

* Disposal Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below