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August 2, 1987

THORN STILL FINDS SOMETHING MORE TO SELL

By CBR Staff Writer

Despite saying that it had completed its divestitures, Thorn-EMI Plc has found something else to sell, in the shape of its profitable UKP35m-a-year test equipment and measurement division, which will be known as AVO International Ltd. It has gone to the management, backed by Midland Montagu Ventures, Midland and Philadelphia National Banks, for UKP13m.

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