For immediate release 10 May 2013
HARGREAVES SERVICES PLC
("Hargreaves" or "the Company")
Confirmed as preferred bidder for certain Scottish Coal assets
Hargreaves Services plc (AIM: HSP), the UK's leading supplier of solid fuels and bulk material logistics, is pleased to confirm that it has been named by the Joint Interim Liquidators of The Scottish Coal Company Limited ("Scottish Coal"), as the preferred bidder for certain assets of Scottish Coal and its related companies.
Hargreaves has been granted a period of exclusivity of six weeks to conduct due diligence on the Scottish Coal assets.
A further announcement will be made in due course.
Gordon Banham, CEO of Hargreaves, said:"We are pleased to be confirmed as preferred bidder for certain Scottish Coal assets. It represents an important opportunity to accelerate our strategy of creating a sustainable mining operation in Scotland founded on profitable sites operated with environmental responsibility."
For further details:
Hargreaves Services |
0191 373 4485 |
Gordon Banham, Group Chief Executive |
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Iain Cockburn, Group Finance Director |
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Buchanan |
020 7466 5000 |
Mark Court / Fiona Henson / Sophie Cowles |
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N+1 Singer (Nomad & Joint Broker) |
020 7496 3000 |
Sandy Fraser / Nick Owen |
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Jefferies International Limited (Joint Broker) |
020 7029 8000 |
Sara Hale / Harry Nicholas |
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