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Johannesburg - Industrial services group The Bidvest Group [JSE:BVT] said on Friday that it anticipates a positive impact of between R300m and R400m on the headline earnings of the group as a consequence of the partial sale of its investment in Mumbai International Airport Private Limited.
The forecast is based on the assumptions of the estimated funding costs, transaction costs and the carrying amount of the investment to date.
The agreement is subject to a number conditions as well as regulatory and other approvals. Further announcements regarding the conclusion of the transaction would be made in due course, it added.
The forecast is based on the assumptions of the estimated funding costs, transaction costs and the carrying amount of the investment to date.
The agreement is subject to a number conditions as well as regulatory and other approvals. Further announcements regarding the conclusion of the transaction would be made in due course, it added.
