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Camellia PLC - Kent, England-based agriculture and engineering services firm - Notes subsidiary Goodricke Group Ltd, in which Camellia holds a 74% interest, has signed a non-binding memorandum of understanding for a proposed sale of its Leesh River tea estate. The sale is subject to due diligence, and a further announcement will be made if the disposal is completed.
This is further to Goodricke’s sale of its Chulsa tea estate in February, which was valued at around ₹181 million, or about £1.7 million. Camellia did not on Thursday disclose the potential value of the Leesh River sale.
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