Camellia Plc completes sale of Goodricke Group's Leesh River estate
Why we think this is good
The disposal of the Leesh River estate by Camellia's Indian subsidiary Goodricke Group is in line with the company's strategic plan to improve operational results and reduce risk. While the RNS does not provide financial details, the stated goals suggest the disposal is a positive step for the company. However, as this is an asset sale rather than a profit upgrade or trading ahead statement, the sentiment score is capped at 'Good' in accordance with the Very Good rating constraint.
Key Points
- Camellia Plc completes sale of Goodricke Group's Leesh River estate
- Sale is part of Camellia's strategy to enhance operations and reduce risk
Summary
Camellia Plc has announced the completion of the sale of its Goodricke Group Limited's Leesh River Estate in India. The sale is in line with Camellia's Value Enhancement Plan's goals of improving operational results and reducing risk. No further financial details were provided in the RNS.