Information  X 
Enter a valid email address

ITE Group PLC (ITE)

  Print      Mail a friend       Annual reports

Friday 18 August, 2000

ITE Group PLC

Update on Discussions

ITE Group PLC
18 August 2000

                            
                      ITE GROUP PLC
                            
                  UPDATE ON DISCUSSIONS
                            

ITE Group plc ('ITE' or 'the Company') announced on 18
July 2000 that it had entered into preliminary
discussions which may or may not lead to an offer for
ITE.

While the Company remains in discussions with one such
third party, the nature of the discussions have developed
into the third party potentially taking a meaningful
equity stake in ITE as a valuable component of a
strategic partnership.


Contact:

Investec Henderson Crosthwaite
Jagjit Mundi,
Managing Director of Corporate Finance
020 7597 5970

Buchanan Communications
Richard Oldworth/Isabel Petre
020 7466 5000