December 19, 2012 / 7:13 AM / 5 years ago

BRIEF-Colt to take 28 mln euro charge on restructuring

LONDON, Dec 19 (Reuters) - Colt Group SA : * Investments in growth areas including managed network and IT services are

yielding increased bookings * Costs supporting our legacy business are being aligned with expected revenues * Efficiencies from implementing these plans are expected to amount to

approximately 44 million euros per annum * Will take an exceptional charge of between 28 million euros to 33 million euros in the fourth quarter of 2012 * Performance remains on track

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