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Spark Ventures Plc Announces Sale of Portfolio Company
Spark Ventures Plc announced that the on-going business of Aspex Semiconductor Ltd has been sold to Ericsson. Since March 31, 2012, GBP1.75 million of loan repayments will have been received from Aspex, and it is anticipated that these repayments, when combined with the expected net proceeds receivable by SPARK pursuant to the Sale, will be in excess of the GBP7 million of carrying value announced in SPARK's results for the year ending March 31, 2012.
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