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Dekeloil Public Ltd

Dekeloil hails "value-accretive" Ayenouan palm oil deal

Lincoln Moore, executive director at Dekeloil (LON:DKL) talks to Proactive Investors about the company's recent stake increase in the Ayenouan palm oil operation in the Ivory Coast to 81.5% and the £10.8mln share placing supporting it.

He says he is very pleased with the deal as it was done in a "value-accretive" way so EPS will increase for both new and existing shareholders.

Moore says Dekel aims to keep up increasing production at Ayenouan and he hopes half year production figures will be significantly higher than last year's over the period.

Quick facts: Dekeloil Public Ltd

Price: £0.03

Market: AIM
Market Cap: £11.21 m
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