Analysts had been looking for something in the region of UKP70m for Thorn EMI Plc’s 51% stake in the Thorn Ericsson joint venture, but the Swede is getting away with rather less: L M Ericsson Telefon AB has already repaid UKP25m loaned to the venture by Thorn, and will pay another UKP30m for Thorn’s share […]
Analysts had been looking for something in the region of UKP70m for Thorn EMI Plc’s 51% stake in the Thorn Ericsson joint venture, but the Swede is getting away with rather less: L M Ericsson Telefon AB has already repaid UKP25m loaned to the venture by Thorn, and will pay another UKP30m for Thorn’s share of the business – UKP55m all told.
