Disposal
15 January 2009
ACP Mezzanine Limited (AIM:ACPM) today announces that it has concluded an agreement to sell its €3.0m subordinated debt investment in GCI Automotive Holding GmbH at par plus accrued interest. The sale constitutes an IRR of 17.5 percent. Cash settlement is approximately €3.27m.
The company further notes that it expects to return to shareholders the proceeds of this disposal as soon as practicable in accordance with company policy of promptly distributing all excess capital to shareholders.
Enquiries
- Hugh Field, Collins Stewart Europe, +44 (0) 207 523 8350 (Nominated Adviser)
- Tim McCall/James Longfield, Hogarth Partnership, +44 (0) 207 357 9477