Brief: Hi Media project to spin off HiPay activity approved

Adux SA

19/12/2014 09:16

Dec 19 (Reuters) - Hi Media SA  HIMD.PA : 
    * Approved unanimously on Dec. 18 separation project of two 
activities, leading to IPO of HiPay, online payment activity of 
group 
    * Proposed separation of activities planned for 2015 subject 
to employee representative bodies 
    * Proposed separation subject to prudential supervisory 
authorities and shareholders of group as well 
 
Source text for Eikon:  ID:nHUG8X3fM3  
Further company coverage:  HIMD.PA  
 
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Keywords: HI MEDIA/BRIEF