Electra Private Equity

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25/07/2008Electra Completes the Sale of Freightliner
13/06/2008Electra announces the sale of Freightliner
30/05/2008Announcement of Half-Yearly Results for six months ended
31 March 2008
27/05/2008Response to press comment on Electra's holding in Freightliner
31/03/2008Total Voting Rights
19/03/2008Notification of Transaction of Director
17/03/2008Transaction in Own Shares
12/03/2008Notification of Transaction of Director
06/02/2008Annual General Meeting - Results
06/02/2008Interim Management Statement (AGM Statement)
30/01/2008Total Voting Rights
25/01/2008Major Interest in Shares - Prudential plc
22/01/2008Transaction in Own Shares
22/01/2008Notification of Transaction of Director
08/01/2008Annual Report and Accounts and proposed Changes to Electra's Articles of Association
02/01/2008Portfolio Update

News


Electra announces the sale of Freightliner
13 June 2008

Electra Private Equity PLC ("Electra") is pleased to announce it has entered into a conditional agreement for the sale of its interest in Freightliner to Arcapita. Completion of this transaction is conditional upon receiving European Commission clearance. It is presently anticipated that this will be received by the end of August 2008.

On completion net proceeds due to Electra from the sale will give rise to an uplift of 120p per Electra share from the valuation of Electra's holding in Freightliner at 31 March 2008.

At 31 March 2008 Electra valued its holding in Freightliner at 32.9m. On completion, Electra will receive net proceeds of 71.1m in respect of this transaction.

Freightliner's business consists of two separate divisions - Intermodal and Heavy Haul. Intermodal offers a fully integrated rail service for the transportation of containers from deep sea ports to inland collection points and includes local haulage to the final destination. Heavy Haul provides an alterative supplier to the bulk freight rail market. Both businesses have offices and freight terminals located around the rail network.

NM Rothschild acted as financial advisor to Electra in this transaction.