Almelo - Royal Ten Cate (TenCate) and Noel P Hunt International Limited have reached agreement on the takeover of the TenCate 50% interest in the joint venture Geofabrics Australasia Pty Ltd of Cheltenham (Australia). The takeover price of the shares amounts to AUD 40 million (approximately € 23 million). The book profit on the sale of the 50% interest amounts to approximately € 11 million and will be incorporated in the half-year figures of TenCate.
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