Camellia sells £14m of South Asian art collection

(Sharecast News) - Camellia said on Friday that it had sold a substantial part of its remaining South Asian art collection at auction for net proceeds of £14.0m. The AIM-traded agriculture and engineering group said the sale took place through Christie's on 11 June.

Camellia said it expected to recognise a gross profit of £13.4m against the collection's book value.

At 1113 BST, shares in Camellia were up 5.47% at 5,642.5p.

Reporting by Josh White for Sharecast.com.

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