BCB Holdings to sell Caye Chapel
By BFN News
Tuesday 27 August, 2013 at 09:59 AM
BCB Holdings has agreed to sell Caye Chapel, a resort island in Belize, for $30.0m to Yumi Limited, a British Virgin Islands company funded by private equity.
The terms of the transaction provide for an initial non-refundable payment prior a due diligence period from 1 September to 14 November and a final closing on December 20, 2013. The disposal valuation is in line with book value.
At 9:59am: (LON:BCB) share price was 0p at 17p
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