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Daily News

British Retailer Alba Sells Stake in Grundig
Dec 19, 2007
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British retailer Alba Plc said on Tuesday it had sold its 50% stake in consumer electronics firm Grundig Multimedia for 25 million pounds (approx. US$50.3 million).

The shares will be purchased by Beko Electronik BEKO.IS, which will become 100% owner of Grundig Multimedia.

But Alba will retain the UK licence to the Grundig name for three years. (Reuters)

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