OPD Group sale of majority interest in Odgers to management

OPD Group sale of majority interest in Odgers to management Date Posted: 26/1/2010

Conditional on shareholders' approval, the group's International Resources Group (Odgers) will be sold to a new company (Newco) to be 50.5% owned by the management of Odgers, certain senior employees and the Odgers Employee Benefit Trust. OPD will hold the remaining 49.5%. OPD has already received an irrevocable undertaking from Offerco, which holds c. 63.09% of OPD's total share capital. The total consideration to OPD Group is to be....

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