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Provider: Reuters Investment Profile
Provider: Directors Deals Ltd.
Provider: Wright Reports
Provider: Wright Reports

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Trainers House Oyj Divests Minority Stake in atBusiness Oy

Friday, 7 Jun 2013 01:00am EDT 

Trainers House Oyj announced that the Company, Sentica Kasvurahasto II Ky, atBusiness Oy’s management shareholders and Innofactor Plc have on June 6, 2013 entered into a transaction in which Innofactor Plc purchases the entire share capital of atBusiness Oy as well as all shareholder loans held by the old shareholders of atBusiness Oy. As a consideration for its shares and shareholder loans in atBusiness Oy Trainers’ House receives approximately EUR 1.3 million, of which approximately EUR 0.5 million will be paid in cash and approximately EUR 0.8 million will be paid by issuing new shares of Innofactor Plc. In addition to the initial purchase price Trainers’ House may be entitled, depending on the development of Innofactor Plc’s EBITDA, to an additional purchase price payable in 2014 of a maximum of EUR 0.2 million. Trainers’ House retained a minority stake of approximately 19.9 % from atBusiness Oy in 2010, when it sold its technology project business to atBusiness. 

Company Quote

0.0040 +12.12%
30 Oct 2014