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December 5, 1993

REUTERS AQUIRE STAKE IN SAFTEYNET

By CBR Staff Writer

On Friday, Reuters Holdings Plc made another diversification when it bought a 20% stake in Frimley, Surrey-based IBM Corp AS/400 and RS/6000 disaster recovery specialist Safetynet Plc: the privately-held company provides services to dealers in the financial markets and their administrative support operations in the UK, particularly in the City; terms were not given.

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