Sale of French Healthcare Business
04 Junio 2008 - 1:01AM
UK Regulatory
RNS Number : 9106V
Huveaux PLC
04 June 2008
4th JUNE 2008
HUVEAUX PLC SELLS ITS FRENCH HEALTHCARE BUSINESS FOR EUR8.25m CASH
Further to the announcement at yesterday's AGM, Huveaux today announces that it has sold its French Healthcare subsidiary to EPF, the
French private equity group, and local management for EUR8.25m in cash.
In the year ended 31st December 2007, this business contributed an operating profit of EUR2.0m to the Group.
As stated in the Annual Report & Accounts, the Board of Huveaux has been considering the strategic options for this business. The Board
believes that this disposal provides its shareholders with the optimal value from this asset. "Le Trombinoscope" and the related political
media assets in France have been retained within the Huveaux Group.
The proceeds from the sale of this business will be used to reduce the bank debt of the Group.
For further information, please contact:
Huveaux PLC 020 7245 0270
John van Kuffeler,
Non-Executive Chairman
Gerry Murray, Chief Executive
Officer
Brewin Dolphin Limited (NOMAD) 0131 225 2566
Sandy Fraser
This information is provided by RNS
The company news service from the London Stock Exchange
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