Robert Wiseman in lease-back deal
ROBERT Wiseman Dairies has agreed a £45.3 million sale and lease-back deal with part of French bank Société Générale.
As part of the agreement, Robert Wiseman received cash from the sale of commercial vehicles, plant and machinery at a price equal to their net book value. The assets were then leased back to the group by Socit Gnrale.
The companies also entered into option agreements that will allow the Scottish dairy group, the UK's biggest supplier of fresh milk, to buy back the assets at their net book value in the future.
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Weather for Edinburgh
Friday 25 May 2012
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