Electra Private Equity PLC (“Electra”) is pleased to announce the completion of the sale of Freightliner to Arcapita following receipt of European Commission clearance.
On completion Electra received net proceeds of £71.1m which, as previously announced, give rise to an uplift of 120p per share from the value of Electra’s holding in Freightliner at 31 March 2008.
