AUTOLOGIC HOLDINGS PLC
(“AutoLogic”)
06 March 2006
Proposed disposal of Walon France
The Board of AutoLogic announces that the Company has entered into a conditional agreement for the sale of its subsidiary Walon France to existing members of the Walon France management team. Further details are set out in the attached detailed announcement.
AutoLogic Chairman John Merry commented:
“I am delighted that we have reached agreement with the Walon France management team for the sale to them of the French business. By selling the business to some of the management team, and continuing to keep a strong relationship with them, our view is that the business, its customers and employees will be better served. We look forward, subject to shareholder approval, to completing the transaction as soon as practicable.”
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Enquiries: Autologic: |
Tel: 020 7420 0555 | |
Investors: Neville Harris IRFocus |
Tel: 020 7378 7057 | |
Press: Nick Potter Anthony Parker College Hill |
Tel: 020 7457 2020 |
