Business
Disposal
Disposal.
About this update from Ekf Diagnostics Holdings Plc
[{"type":"text","content":"\n RNS Number : 0343F International Brand Licensing PLC 05 January 2010 \n \n\n\nINTERNATIONAL BRAND LICENSING PLC SELLS STAKE IN ADMIRAL ASIA\n(\"IBL\" or \"the Company\")\n\nInternational Brand Licensing Plc (AIM: IBL) announces that it has sold its 49% stake in the joint venture company, Admiral Asia Limited (\"AAL\"), to its existing partner, Rich Crest Group, for a cash consideration of £375,000. Included in the transaction are the Admiral trademarks for the Russian Federation.\n\nJulian Baines, IBL's CEO, comments: \"We are delighted to have completed this disposal following the recent announcement of the Company's new strategy to withdraw from the sporting goods industry and move into the in vitro diagnostics devices (\"IVD\") market place.\"\n\nIBL will continue to sell off the remainder of the its worldwide sports IP assets, which will generate additional cash to invest in the Company's IVD growth.\n\nEnquiries:\n\n\n\n\n\nInternational Brand Licensing plc \nDavid Evans, Non Executive Chairman\nJulian Baines CEO\n\n\n\nTel: 020 7823 1733\n\n\n\n\nZeus Capital\nRoss Andrews\nTom Rowley\n\n\n\nTel: 0161 245 1100\n\n\n\n\nHansard Communications\nJohn Bick\nJustine James\n\n\n\nTel: 020 7245 1100\n\n\n\n\n\n\n\n \n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DISUGURPGUPUGGA \n ","length":3225,"tagName":"div"}]