LONDON (Thomson Financial) - Talent Group Plc. said it will buy television
production company KMB Productions Ltd. for 1,100 pounds cash and added that it
continues to seek suitable acquisition targets to expand and diversify its
business.
The company said it has agreed to assume loans amounting to 82,000 pounds
which have been advanced to KMB by one of its major shareholders.
KMB had a turnover of 233,161 pounds and a loss before tax of 21,787 pounds
for the period ended Feb. 28.
Talent Group said it plans to grow the KMB business by investing in its
infrastructure, particularly its key personnel. This investment is expected to
be in the form of direct cash investment and through the provision of the
company's executive management time.
TFN.newsdesk@thomson.com
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