Monday, June 20, 2005

Telio accelerates

I hear that Norway is having an unseasonably cool June, but interest in Telio seems to be heating up. The company has sold 1.34m shares (670k new, 670k existing) at NOK23 (representing 7.5% of the adjusted equity of the company after the transaction) to Equity Management Associates and Kinderhook Partners. This is a EUR3.9m transaction, which values Telio at just under EUR52.2m.

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