Brief: Cliq Digital buys majority participation in UK peers UME, MM
22/07/2017 10:15
July 22 (Reuters) - Cliq Digital AG CLIQ.DE
* Says signed agreement to acquire 51 percent participation
in operations of UK companies universal Mobile Enterprises (UME)
and Moonlight Mobile (MM)
* Says bought 100 percent of shares in UME and MM, set up
new entity to run UME and MM as per June 1, 2017, in which Cliq
Digital holds 51 percent.
* Says remaining 49 percent of shares in new entity to be
held by UME and MM founders, Richard Keely and Alex Rocke, who
will continue to manage the operative business.
* Says UME and MM are active in distribution of digital
products.
* Says expects its participation in UME and MM will show a
positive impact on its group earnings.
Source text for Eikon: ID:nEQbl7Yp7a
Further company coverage: CLIQ.DE
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