RM completes multiple sales
RM has completed the sale of the business of Dacta and the minority shareholding in the LEGO Education Europe joint venture.
RM has completed the sale of the business of Dacta and the minority shareholding in the LEGO Education Europe joint venture.
Prior to the joint venture, Dacta distributed LEGO products and a number of other brands including Tolo, which Dacta continued to distribute after the establishment of LEGO Education Europe.
Certain non-core elements of the Dacta business have now been sold to Tolo Toys Learning. The consideration was €0.27m in cash, paid in two stages.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
RM's 49% stake in LEGO Education Europe has been sold to LEGO A/S for a total cash consideration of €4.4M, with half for shares and associated rights and half for debt repayment.
In total, the disposals had generated €4.1M by the end of October.
On a consolidated basis the businesses are expected to be loss making for the fourteen months to 30 November 2011.
The share price rose 4.31% to 60.5p by 14:39.
__
NR
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published