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September 22, 1997updated 03 Sep 2016 11:26am

GRANADA PLC PLANS COMPUTER SERVICES DIVISION BUYOUT

By CBR Staff Writer

Granada Group Plc, The UK media and hotels group, is to sell its computer services division to the company’s management for 90m pounds, the Observer reports. The division specialises in repair of computer systems and has contracts with several large UK companies including British Aerospace Plc. The buyout deal, backed by venture capital is worth more than the 70m pounds expected in the city.

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