Tate & Lyle PLC
10 August 2000
Tate & Lyle PLC - Sale of Booker Tate Limited
Tate & Lyle PLC announces that it has sold its 50% interest in Booker Tate
Limited ('Booker Tate'), a leading international agro-industrial management
company, to Murray & Roberts Limited of South Africa. Iceland Group plc's
subsidiary, Booker plc, has similarly disposed of its 50% shareholding.
The gross cash consideration for 100% of Booker Tate is £12.2 million. After
repayment of loans totalling £3.1 million, made equally to Booker plc and Tate
& Lyle PLC by Booker Tate, the net cash consideration is £9.1 million.
Sale proceeds will be used to reduce Tate & Lyle Group debt.
Charles King 020-7626-6525
Chris Fox 020-7626-6525 (Press)