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BATM Advanced Communications Ltd - Israel-based provider of network infrastructure, cybersecurity and diagnostic technologies - Completes the disposal of AMS 2000 Trading Impex SRL, a business division that distributes diagnostic laboratory equipment in Romania, after satisfying all legal and regulatory requirements. Back in October, BATM said it had agreed to sell AMS to Non-Executive Director Zvi Marom, who had founded BATM in 1992 and was its chief executive officer until the start of 2023. Under the terms of the deal, Marom exchanged his entire holding of 96.8 million BATM shares, a 22% stake, to acquire AMS. The deal valued AMS at £17.6 million. Marom will transfer the shares to Sunstring Ltd, a 100% own subsidiary of BATM and under whose ownership they will carry no voting rights. The transfer is expected to occur during January, BATM says on Friday. Marom left the BATM board at its annual general meeting in December. ‘The sale of AMS marks a significant milestone in our strategy to become a streamlined, high-growth business,’ comments BATM CEO Moti Nagar. ‘It is quite an achievement that this is our fourth disposal within less than a year - and our largest to date - and we continue to make progress with respect to exiting other non-core assets.’ Last week, Gideon Chitayat stepped down as BATM chair, leaving the board on Thursday this week. Chitayat had served as chair since 2015 and was replaced by Gil Sharon. Current stock price: 16.45 pence, up 2.0% in London on Friday 12-month change: down 10% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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