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DekelOil completes deal to increase stake in Ivory Coast plant

“We believe the timing of the increase in our interest in Ayenouan … is excellent,” said director Lincoln Moore.
DekelOil completes deal to increase stake in Ivory Coast plant
The heavy lifting of the deal has been done.

DekelOil Public Limited (LON:DKL) said it now holds 85.75% of the company that owns the Ayenouan  palm oil plant in Côte d'Ivoire.

The AIM-listed group increased its stake from 51% in a deal worth around £12.8mln.

It has an option over the remainder of the business at a fixed at £5.1mln (€6.1mln).

Director Lincoln Moore said production is currently ahead of where it was this time last year.

“We believe the timing of the increase in our interest in Ayenouan … is excellent,” he added.

 

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Dekeloil Public Ltd Timeline

Article
January 17 2017
Newswire
January 17 2017

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