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IN BRIEF: BATM Sells NG Soft Subsidiary For GBP25 Million

12th Jan 2021 11:46

BATM Advanced Communications Ltd - Israel-based data and telecommunications company - Enters into deal to sell NG Soft Ltd unit to Aztek Technologies (1984) Ltd for NIS105.1 million, about GBP24.5 million. "As previously stated, BATM continuously seeks opportunities to unlock shareholder value from group subsidiaries that are considered non-core to the future of the group," BATM says.

Current stock price: 95.00 pence

Year-to-date change: up 2.2%

By Eric Cunha; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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