James Fisher falls on selling its stake in James Fisher Nuclear Holdings
06/03/2023 08:48
** Shares of marine services provider James Fisher FSJ.L
down as much as 7.6% to 359p
** Co sells its interest in James Fisher Nuclear Holdings
and related properties to private equity investment firm
Rcapital Partners for a "nominal consideration" of 3 pounds
($3.61)
** "As a result of the transaction, the Group will impair
the value of goodwill and tangible fixed assets associated with
the business in its results for the year ended Dec. 31 2022," it
said in a statement.
** Adds Rcapital to provide JFN with a 3 mln pound revolving
credit facility to fund growth of the business
** James Fisher Nuclear Holdings supplies specialist
engineering, manufacturing and technical services to the UK's
nuclear decommissioning industry
** Co also says it sees FY revenue from cont ops of 475 mln
pounds vs 442.4 mln pounds as reported last year
** Sees its underlying operating profit from cont ops to be
In line with 2021
** Including sessions' lost stock down 8% YTD
($1 = 0.8305 pounds)
(Reporting by Sinchita Mitra in Bengaluru)
((Sinchita.mitra@thomsonreuters.com))