RNS Number : 6138L
PME African Infrastructure Opps PLC
29 April 2015

29 April 2015


PME African Infrastructure Opportunities plc

("PME", the "Company" and together with its subsidiaries the "Group")





Update re Sale of Rail Assets



The Company announced on 17 April 2015 that it had entered into agreements to sell 100% of the equity of PME's wholly owned subsidiary, PME RSACO (Mauritius) Limited, the Group entity which holds the Group's 50% interest in Sheltam Holdings (Pty) Ltd, together with certain intercompany loans, and the disposal of seven C30 locomotives currently owned by PME Locomotives (Mauritius) Limited (the "Disposal").



As stated in that announcement, the Disposal was subject to certain conditions including the approval from the South African competition authorities. The Company is pleased to confirm that the necessary approval has now been received from the South African competition authorities with respect to the Disposal.



With this condition satisfied, the Company expects to complete the Disposal on or before 6 May 2015. 


For further information please contact:


Smith & Williamson Corporate Finance Limited

Nominated Adviser

Azhic Basirov / Ben Jeynes


+44 20 7131 4000



Stifel Nicolaus Europe Limited


Neil Winward / Tom Yeadon


+44 20 7710 7600






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