ITV cuts debt with Thomson SA sale

2004-09-23T08:30:00

ITV has cut its debt by£172m after offloading its entire stake in technology company Thomson SA. Citigroup Global Markets and UBS Limited have agreed to buy ITV's 15.5 million shares in the company following a competitive process. The deal, which represents about 5.5% of Thomson's outstanding shares, is set to ...

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