Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Croda International (CRDA)

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Monday 03 September, 2007

Croda International

Disposal

Croda International PLC
03 September 2007


3 September 2007

 

 

                            Croda International Plc                             

                   Sale of Refrigeration Lubricants Business                    

 

Croda International Plc ('Croda') announces that it has sold its Refrigeration
Lubricants business ('Refrigeration Lubricants') to The Lubrizol Corporation
('Lubrizol') for £62 million, with £59.6m payable in cash at completion and the
balance to come from the release of retained working capital. Completion is
subject only to satisfactory German anti-trust clearance. This transaction is
part of the restructuring programme announced following Croda's acquisition of
Uniqema last year.

 

Refrigeration Lubricants is a leading global supplier of formulated synthetic
lubricants for refrigeration and air-conditioning compressors. No manufacturing
sites are being sold in this transaction. Going forward, Croda will continue to
supply refrigeration lubricant components to Lubrizol.

 

Last year Refrigeration Lubricants made a proforma operating profit of £4.0
million on turnover of £38.6 million and had reported gross assets of £11
million at 31 December 2006. A small number of sales and technical employees
will transfer to Lubrizol as a result of this transaction.

 

The sales proceeds will initially be used to reduce Croda's group indebtedness
which stood at £394 million at 30 June 2007. The transaction is expected to be
marginally earnings dilutive in the year ending 31 December 2007 (see note 1).

 

The transaction is being effected by way of a sale of assets rather than shares.
The agreement contains warranties customary in a transaction of this nature and
size.

 

Dresdner Kleinwort acted as financial adviser to Croda on this transaction.

 

 
For further information, please                            
contact:                                                   
                                                           
Sean Christie, Group Finance Director Tel:   01405 860551  
                                                           
Charlie Watenphul, Financial Dynamics Tel:   0207 831 3113 

 

 

Notes

 

1.  This statement should not be taken to mean that earnings per share (before
any one-off costs or amortisation of intangibles) of Croda will necessarily be
lower than historic earnings per share (before any one-off costs or amortisation
of intangibles) of Croda and no forecast is intended or implied.

 

2.  Certain statements made in this announcement are forward-looking statements.
Such statements are based on current expectations and, by their nature, are
subject to a number of risks and uncertainties that could cause actual results
and performance to differ materially from any expected future results or
performance expressed or implied by the forward-looking statement. The
information does not assume any responsibility or obligation to update publicly
or revise any of the forward-looking statements contained herein.

 

 

3.  This announcement is made by Croda and is the sole responsibility of Croda.
Croda is exclusively responsible for the contents of this announcement and
neither Dresdner Kleinwort Limited nor any person acting on Croda's behalf are
responsible for or shall have any liability for any information, representation
or statement relating to Croda contained in this announcement or any information
previously published by or on behalf of Croda or otherwise.


Dresdner Kleinwort Limited, which is authorised and regulated by the Financial
Services Authority, is acting for Croda and for no-one else in connection with
the contents of this announcement and will not be responsible to anyone other
than Croda for providing the protections afforded to customers of Dresdner
Kleinwort Limited or for affording advice in relation to the contents of this
announcement or any matters referred to herein.

 

 

 



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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