Sweett said that it will use the cash for its future development.
Cygnet Investments (D&G) Ltd will buy Cyril Sweett Investments Ltd, whose only asset is a 15% interest in the equity and subordinated loan notes of E4D&G Holdco Ltd, which owns the PFI project.
Cygent will pay 拢2,175,000 in cash once the conditions in the sale agreement have been satisfied, which is expected to be or before 30 April 2012.
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