Infobank Holdings Plc, the Berkshire, UK e-commerce company, has disposed of another of its non core interests with the sale of its public information kiosks in Singapore to a subsidiary of HealthAnswers Inc, a private Austin, Texas-based company that operates a health portal. This makes it difficult to value the 97,214 shares it received in HealthAnswers but given that the company’s other investors are venture capitalists it should be able to cash in its shares during an IPO at some stage.
Infobank is currently involved in takeover talks (CI No 3,799). But given that its big attraction is InTrade, a business-to-business e-commerce package, it has been selling off peripheral activities and last month disposed of its reseller business (CI 3,800).
