Business
Sale of Turkey Trademarks
Sale of Turkey Trademarks.
About this update from Ekf Diagnostics Holdings Plc
[{"type":"text","content":"\n \nEmbargoed Release: 07:00hrs Tuesday 24 June 2008\n\n International Brand Licensing plc \n\n (`IBL' or the `Company') \n\n Sale of Admiral Trademarks in Turkey \n\nInternational Brand Licensing Plc today announces the disposal of the Turkish\ntrademark registrations of its Admiral sportswear brand to local licensee,\nDiethnis Athlitiki, (\"Diethnis\") in return for a cash consideration of EUR\n400,000.\n\nTony Hutchinson, IBL Chief Executive, commented:\n\n`We are delighted to have concluded this transaction with Diethnis, our long\nterm strategic partner in the eastern Mediterranean. Following previous\ndisposals in Greece, the Balkans, and former Yugoslavian states, this completes\nour objective of converting assets in this largely unproductive region into\ncash. IBL will continue to build the licensing revenues of its brands but we\nwill also seek further opportunities to strengthen the company's balance\nsheet.'\n\nFor further information please contact:\n\nTony Hutchinson +41 794 689 450\n\nAdam Reynolds +44 (0)207 245 1100\n\n\n \n ","length":1283,"tagName":"div"}]