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Deal snapshot: ENERGISER INVESTMENTS CLOSES SALE OF UNITS IN WELLINGBOROUGH, UK RESIDENTIAL PORTFOLIO.

MANews-(C)2009-2017

UK-based investment company Energiser Investments plc (LSE: ENGI) has closed the sale of the 20 residential units in the Wellingborough portfolio, the company said. This deal was announced on 24 October.

Energiser said the sale price at GBP 2.8m (USD 3.72m) is in line with expectations. Net of associated bank debt this will return approximately GBP 1.5m of cash to Energiser. The funds received from the sale will be used to strengthen Energiser's balance sheet in preparation for the next investment. Net of associated bank debt this has returned approximately GBP 1.5m of cash to Energiser.

Country: UK

Sector: Construction/Real Estate

Target: 20 residential units in the Wellingborough portfolio

Buyer:

Vendor: Energiser Investments

Deal size in USD: 3.72m

Type: Divestment

Financing: Cash

Status: Closed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Geographic Code:4EUUK
Date:Nov 21, 2017
Words:136
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