Acqn Discussions Terminated
April 19 2001 - 3:00AM
UK Regulatory
RNS Number:2788C
Celsis International PLC
19 April 2001
Celsis International plc
Celsis International plc announces that discussions with Biotec Laboratories
have been mutually terminated. The Directors believe that to continue with
the planned acquisition, as outlined at the Interim Results in December 2000,
would not enhance shareholder value at this time given current market
conditions.
This decision does not alter the company's strategy of focusing on driving
profits through a combination of organic growth and selected acquisitions, as
summarised at the Interim Results. In particular Celsis is now integrating
ConCell, a business acquired last month to reinforce the company's leading
position in the European dairy screening market.
Enquiries:
Celsis International plc Peter Grant/Jenny Parsons 01223 426 008
Brunswick Group Limited Melissa Miller/Christina Freyberg 020 7404 5959
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