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Caledonia Investments sells stake in TGE Marine for A 78.7m cash

2015-09-28 12:23:24| Trucking - Topix.net

Caledonia Investments has entered into a binding agreement for the sale of its stake in TGE Marine to MES Germany Beteiligungs, a wholly-owned subsidiary of Mitsui Engineering & Shipbuilding Co, for 106.9m, or A 78.7m in cash. The investment vehicle said the payment for its 67.9% stake in TGE will be made in cash, together with a pre-transaction dividend received of 7.5m, delivering total proceeds of 114.5m, or A 84.1m.

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