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.
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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.
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