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BCB Holdings has agreed to sell Caye Chapel, a resort island in Belize, for $30.0m to Yumi Limited, a British Virgin Islands company funded by private equity.

The terms of the transaction provide for an initial non-refundable payment prior a due diligence period from 1 September to 14 November and a final closing on December 20, 2013. The disposal valuation is in line with book value.

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