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K3 sells Starcom Technologies to Node4 for £14.7m
StockMarketWire.com
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Software company K3 said it had sold its managed services unit Starcom Technologies for £14.7 million to Node4, a UK-based infrastructure and services.
The transaction generated a significant profit on disposal, in excess of £10 million, and would reduce debt.
At 30 November 2020, net debt stood at £2.3 million, down from £2.4 million.
Results for the year end 30 November 2020 will be released on the 30 March 2021.
At 10:03am: (LON:KBT) K3 Business Technology Group PLC share price was 0p at 114p
Story provided by StockMarketWire.com
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