Technology30.06.2008
Naspers sells NetMed
The transaction is subject to a number of conditions precedent, inter alia the approval of the Greek and Cypriot competition authorities and telecommunications regulator, completion of ForthNet’s rights issue and fulfilment of certain conditions regarding Forthnet’s debt financing facility.
Based on an effective disposal of April 1, the company said total cash received for the group’s 87.47% stake in NetMed was €376 million.
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