IPSA Group PLC (IPSA) - Sale of Turbines RNS Number : 4132R IPSA Group PLC 19 November 2012 19 November 2012 IPSA Group PLC Sale of Turbines IPSA Group PLC (AIM:IPSA), the developer, owner and operator of power generation capacity in southern Africa, announces that it has now exchanged contracts for the sale of its two remaining Siemens Westinghouse 701 DU gas turbines to Iris Eco Power Sdn Bhd, a Malaysian power development company, for a consideration of US$31 million, as first announced on 15 October 2012. Under the turbine sale agreement, completion is expected to occur on or before 30 November 2012. A further announcement will be made once the completion payment is received. For further information contact: Phil Metcalf, CEO +44 (0)20 7793 5615 IPSA Group PLC John Llewellyn-Lloyd / Harry Stockdale +44 (0)20 7456 9191 Execution Noble & Company Ltd Harry Ansell / James Joyce +44 (0)20 7220 1666 W H Ireland Ltd Riaan van Heerden, +27 (0)21 887 9602 PSG Capital (Pty) Ltd This information is provided by RNS The company news service from the London Stock Exchange END MSCBLBFTMBIBMFT -0- Nov/19/2012 07:00 GMT
IPSA Group PLC IPSA Sale of Turbines
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