LOLC Holdings PLC today (12) announced that no finality has been reached to sell its stake in a unit in Cambodia.

In a stock exchange filing the company said; "upon certain parties indicating their interest in acquiring a stake in Prasac Micro Finance Institution Limited, Cambodia, LOLC  Holdings PLC has been in the process of exploring possibilities of a sale of whole or part of its holding in Prasac.  In any event, the sale of any shares in Prasac will require the prior approval of the National Bank of Cambodia."

However, no finality has been reached, with regard to the execution of any such transactions, the company said.

"An announcement will be made to the Exchange if it culminates in a conclusive transaction," the company added.