Hargreaves has reached a conditional agreement for the sale of Brockwell Energy with completion expected by the 19th October. This news had been well trailed and the timing is in line with the expectations set at the full year results in early August. Gross cash proceeds are estimated at £21m (net £15m) with a potential contingent £2m to follow. The sale will give rise to profit on disposal of £4m (recorded as discontinued) plus the potential contingent £2m. Hargreaves will retain some of the fr ....
08 Oct 2018
Disposal of Brockwell Energy
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Disposal of Brockwell Energy
Hargreaves Services plc (HSP:LON) | 544 -43.5 (-1.4%) | Mkt Cap: 178.5m
- Published:
08 Oct 2018 -
Author:
James Tetley -
Pages:
3
Hargreaves has reached a conditional agreement for the sale of Brockwell Energy with completion expected by the 19th October. This news had been well trailed and the timing is in line with the expectations set at the full year results in early August. Gross cash proceeds are estimated at £21m (net £15m) with a potential contingent £2m to follow. The sale will give rise to profit on disposal of £4m (recorded as discontinued) plus the potential contingent £2m. Hargreaves will retain some of the fr ....