15th Apr 2019 13:52
LONDON (Alliance News) - Telit Communications PLC on Monday said that the short-term vendor loan granted to TUS International Ltd has been repaid in full.
The vendor loan, amounting to USD38.5 million, was granted to TUS on February 27 as part of the agreement to sell Telit Automotive Solutions NV to TUS for a total consideration of USD105 million.
Telit Communications shares were trading up 1.6% at 166.00 pence each.
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