5th Apr 2007 18:04
ITV PLC05 April 2007 ITV plc announces sale of interests in Arsenal ITV plc today announced that it had unconditionally sold its 9.99% shareholdinginterest in Arsenal Holdings plc to KSE UK INC, a vehicle controlled by StanKroenke, and has also entered into conditional arrangements with KSE UK INC inrelation to the sale of its 50% shareholding in Arsenal Broadband Limited. The combined consideration for the two transactions, if completed, is £65million. The sale represents a further example of ITV's successful disposalprogramme of non-core assets, which has raised over £500m since the mergercreating ITV plc in 2004. Stan Kroenke is the co-owner of the St Louis Rams NFL team and owner of theDenver Nuggets in the NBA, the Colorado Avalanche in the NHL and the ColoradoRapids MLS franchise, which in February announced a commercial and marketingagreement with Arsenal. Ends For further enquiries please contact: ITV plcTel: 020 7843 8000 Press enquiries:Brigitte Trafford - Group Communications DirectorJim Godfrey - Director of Corporate Affairs Investor enquiries:James Tibbitts - Company SecretaryGeorgina Blackburn - Head of Investor Relations Citigate Dewe Rogerson:Tel: 020 7638 9571Simon RigbyGeorge Cazenove This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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