25 March 2011
folder [featCategs]
Spring sale as G & L Beijer focusses on refrigeration
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DEAN & Wood's Swedish parent G & L Beijer AB has divested its entire holding of 2.7 million shares, in Beijer Alma, a cable and spring manufacturer, as it continues to focus on its refrigeration wholesale operations.
The divestment is said to have generated around £36m, G & L Beijer making a capital gain of approximately £5m.
G & L Beijer said the divestment of the shares is another step forward in creating increased scope to take action for the continued expansion within the strongly growing refrigeration wholesale operation.