DCC PLC
09 February 2007
Property Assets
In DCC's Interim Report to shareholders on 13 November last, attention was drawn
to various property assets owned by the DCC Group including a valuable site of
approximately 1.5 acres at Sandyford Industrial Estate, Dublin 18. Following a
public tender process, the sale of this site was completed today for €40
million. Arising from this sale DCC expects to report net exceptional gains of
not less than €20 million in the year to 31 March 2007.
The sale of the Sandyford site is in line with DCC's strategy of optimising
shareholder value from certain property assets including its 49% shareholding
in Manor Park Homebuilders Limited.
For reference:
Jim Flavin, Chief Executive/Deputy Chairman
Conor Murphy, Investor Relations Manager
Telephone: +353 1 2799400
Email: investorrelations@dcc.ie
Web: www.dcc.ie
Note to Editors
Established in 1979, Manor Park Homebuilders Limited is a leading Irish
residential and commercial property development company. DCC and Joe Moran own
49% and 51% respectively of its share capital.
DCC plc is a sales, marketing and business support services group focused on the
energy, IT and entertainment products, healthcare, food and beverage and
environmental markets. DCC's shares are listed on the Irish and London Stock
Exchanges. DCC's market capitalisation is approximately €2 billion.
This information is provided by RNS
The company news service from the London Stock Exchange
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