29th Mar 2007 07:04
DSG International PLC29 March 2007 PR 40/07Strictly embargoedFor immediate release on 29 March 2007 DSG international plc SALE OF PRIMAPHOT S.A.S AND MAINE COLOR S.A.S DSG international today announces the sale by Fotovista, its online e-tailingoperation, of its personal photography businesses, Primaphot S.A.S and MaineColor S.A.S for a total cash consideration of €22.4million (£15.2m). Primaphot and Maine Color have been acquired by a vehicle owned by LFPI Gestioninvestors (69.6%), Steve and Jean Emile Rosenblum (together 18.6%), Directors ofFotovista, Eric Fau (5.9%), Managing Director of Primaphot and Audrey Sasson(5.9%), the sister of Steve and Jean-Emile Rosenblum. As at 26 March 2007 the combined net asset value of Primaphot and Maine Colorwas €10.5m. The net profit generated on disposal therefore amounts tosome €11.6m (£7.9m). Copies of these announcements will be available on DSG international's websitewww.dsgiplc.com, where further information on the group is also available. - ENDS - For further information: David Lloyd-Seed Group Director of Investor Relations 01727 205065Hamish Thompson Director of Media Relations 01727 203195 Maylands AvenueHemel HempsteadHertfordshireHP2 7TG This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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