Brief: Innelec Multimedia Announces Sale Of All Focus Home Interactive Shares

Innelec Multimedia SA

10/07/2020 16:49

July 10 (Reuters) - Innelec Multimedia SA  INN.PA :
    * ANNOUNCES THE SALE OF ALL ITS FOCUS HOME INTERACTIVE
SHARES AT A
PRICE OF €40 PER SHARE
    * THIS OPERATION, WHICH SHOULD BE FINALIZED IN  COMING
WEEKS, WILL
ENABLE INNELEC TO STRENGTHEN ITS CASH POSITION FOR THE PERIOD OF
 ACTIVITY FROM SEPTEMBER TO DECEMBER 2020
    * DISPOSAL REPRESENTS TOTAL AMOUNT OF 6.58 MILLION EUROS IN
CASH
WITH AN EXPECTED CAPITAL GAIN OF APPROXIMATELY € 5 MILLION

Source text : https://bit.ly/325PwHe
Further company coverage:  INN.PA 

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