Brief: Audiovalley Announces The Sale of Storever Business For 15 Million Euros

Winamp SA

06/12/2019 07:11

Dec 6 (Reuters) - Audiovalley SA  ALAVY.PA :
    * AUDIOVALLEY ANNOUNCES THE SALE OF ITS STOREVER BUSINESS
    * SALE PRICE IS EUR 15 MILLION
    * EXPECTED GROWTH IS EXPECTED ACCOMPANIED BY A STRONG
IMPROVEMENT
IN OPERATING INCOME BEFORE AMORTIZATION AND PROVISIONS ON 2019
COMPARED TO 2018 (EXCLUDING THE DIVESTED BUSINESS)
    * AUDIOVALLEY HOLDS 80.97% OF STOREVER'S SHARE CAPITAL
    * SEES TO ACHIEVE TURNOVER OF OVER EUR 22 MILLION FOR FY
2019
(EXCLUDING DIVESTED BUSINESS)

Source text : https://bit.ly/2DNmG0V
Further company coverage:  ALAVY.PA 

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