27th Feb 2014 13:48
LONDON (Alliance News) - Spark Ventures PLC said Thursday that it had sold its remaining stake in independent music publishing company Kobalt Music Group for GBP5.4 million to a specialist US fund.
Spark was a founding investor in Kobalt in 2001, and has made total proceeds from Kobalt of GBP19.2 million from total investments of GBP4 million.
Shares in Spark were trading up 5.1% at 8.80 pence Thursday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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