HARGREAVES SERVICES (LSE:HSP)

830.0
Today's low: 826.5
Sell HSP
832.0
Today's high: 840.0
Buy HSP
Last trade:
832.0
Change:
 3.0 (0.36%)
Volume:
22,412
Delayed price:
17-04-2014 16:35:21
SETS
GBX

Hargreaves Services notes sale of Hatfield Colliery

Hargreaves Services has noted the sale of the business and assets of Hatfield Colliery Limited to Hatfield Colliery Partnership Limited, a company ultimately owned and controlled by an employee benefit trust. This transaction sees the ultimate equity ownership of the mine transfer from ING Bank to a trust run for the benefit of the employees. Hargreaves has assisted in the restructure by, among other things, entering into a new contract with HCPL on substantially the same terms as the existing off-take contract, which had approximately one year left to run. Hargreaves has also entered into a further off-take contract that extends into the second half of 2015.