BBB has announced the conditional sale of the Australian subsidiary to SKM Telecommunication for up to AUD$50.2m / £25.7m, including £15.4m payable in cash upon completion, £6.8m through the issue to BBB of shares in SKM Telecommunication, and up to £3.5m in cash 12 months after completion. As has been regularly stated in recent years, the Board has been focused on maximising and realising the value of the group, and today’s transaction enables BBB to crystallise the value of the Australian oper ....
