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Transcom WorldWide SA divests German Credit Management Services operations to Tesch Group


Friday, 13 Dec 2013 02:30am EST 

Transcom WorldWide SA:Says it has signed an agreement to divest its German Credit Management Services operations (CMS Germany) to Tesch Group, a portfolio company of Avedon Capital Partners, for 9.0 million euros on a cash and debt free basis.Says the consideration will be paid in cash at closing.Says the transaction is expected to close by the end of Jan. 2014, subject to regulatory approval. 

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