SUBSCRIBERS
Addvalue to sell subsidiary for $330m
Published Tue, Mar 25, 2014 · 10:00 PM
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SATELLITE communications group Addvalue Technologies (Addvalue) is selling a wholly owned subsidiary, Addvalue Communications Pte Ltd (AVC), for $330 million in cash.
The group entered into a conditional sale and purchase agreement with an unrelated third party buyer on Monday, Addvalue said.
The buying company deals primarily with data security and related product development.
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