Anite Group PLC
06 January 2003
For immediate release Monday, 6 January 2003
ANITE GROUP plc
Completion of disposal of loss making German subsidiary
Further to its announcement dated 20 December 2002, Anite Group plc ('Anite'),
the worldwide IT solutions and services company, announces that on 1 January
2003 it completed the sale of its loss making German subsidiary, Anite
Consulting GmbH ('ACG'), previously known as GMO and part of its Consultancy
division, to its management team for a nominal consideration.
John Hawkins, Chief Executive of Anite Group plc, commenting on the disposal,
stated:
'We are delighted to have completed the sale of ACG to its management. The
disposal will enable Anite to focus its continuing management and resources in
Germany on developing the faster growing and higher margin elements of its
Consultancy division whilst eliminating the substantial recent losses made by
ACG.'
- Ends -
For further information, please contact: www.anite.com
Anite Group plc 0118 945 0129
John Hawkins, Chief Executive
Neil Bass, Group Financial Controller
Ian Tait, Managing Director of International Operations
Weber Shandwick / Square Mile 020 7067 0700
Sara Musgrave
This information is provided by RNS
The company news service from the London Stock Exchange
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