Bradford & Bingley announces the disposal of Charcol
Bradford & Bingley plc is pleased to announce that it has completed the disposal of its Charcol business to Castlegate 342 Ltd, a newly formed company backed by a consortium of investors including Advantage Capital.
Charcol had estimated net assets on completion of about £8 million and did not make a material contribution to Bradford & Bingley’s profits in the half year to 30 June 2004.
Bradford & Bingley plc has been advised on this transaction by Goldman Sachs International.
If you would like to discuss the information in this statement, please contact:
Investor Relations:
Phillip McLelland
Bradford & Bingley plc
PO Box 88
Crossflatts
Bingley
BD16 2UA
Tel: 01274 806112
Fax: 01274 554662
Email:
phillip.mclelland@bbg.co.uk
Press Office:
Siobhan Hotten
Bradford & Bingley plc
21-27 Lamb’s Conduit Street
London
WC1N 3BD
Tel: 020 7067 5627
Fax: 020 7067 5656
Email: siobhan.hotten@bbg.co.uk
Goldman Sachs International:
Chris Williams
Jonathan Sorrell
Peterborough Court
133 Fleet Street
London
EC4A 2BB
Tel: 020 7774 1000
Fax: 020 7774 4477
Goldman Sachs International, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Bradford & Bingley plc as its financial adviser and no one else in connection with the transaction described in this announcement and will not be responsible to anyone other than Bradford & Bingley plc for providing the protections afforded to customers of Goldman Sachs International or for providing advice in relation to the transaction or any matter referred to herein.
Ends