Jan 09, 2013. /Lesprom Network/. DLH announced on 27 September 2010 that the company had entered into an agreement to sell major land and properties in Belem, Brazil to a big local contracting company. Due to local, juridical circumstances, however, a clean deed of conveyance could not be presented within the period of agreement. Since that time, DLH has been working with the local authorities to obtain a clean deed, as the company said in a press release received by Lesprom Network. Now, the work has proven successful and, therefore, as of 21 December 2012 DLH has divested the land and properties to Atacadao, a subsidiary of the French Carrefour group, at net proceeds of DKK 60 million ($10.5 million). The amount will be used to reduce the DLH Group’s net interest-bearing debt, which as on 30 November 2012 was DKK 315 million ($55 million). The transaction will not affect the previous outlook for the full year for an EBIT margin in the level of zero. DLH is a Danish owned group quoted on the Copenhagen Stock Exchange and since 1908 trading in timber and wood products all over the world.