Brief: Hi Media sells non-strategic interests, increases stake in Quantum

Adux SA

08/09/2016 07:40

Sept 8 (Reuters) - Hi Media SA  HIMD.PA : 
    * Himedia Group pursues its native advertising development strategy 
    * Sale of non-strategic interests and an increase of its stake in subsidiary Quantum 
    * Himedia Group sold several non-strategic interests in Aug 2016 
    * These transactions had no material effect on earnings but a significant impact on group's 
cash position 
    * Non-controlling interests in various startups for a total of 1.3 million euros ($1.46 
million) 
    * Part of group's interest in HiPay Group (representing 2.1 pct of share capital) for a 
total of 1.1 million euros 
    * Group plans to acquire programmatic native advertising management technology used by 
Quantum 
 
Source text for Eikon:  ID:nGNE3b8NFr  
Further company coverage:  HIMD.PA  
 
($1 = 0.8887 euros) 
 
 (Gdynia Newsroom) 
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