HVX Huveaux

    RNS Number : 9106V
  Huveaux PLC
  04 June 2008
   

    4th JUNE 2008

    HUVEAUX PLC SELLS ITS FRENCH HEALTHCARE BUSINESS FOR EUR8.25m CASH

    Further to the announcement at yesterday's AGM, Huveaux today announces that it has sold its French Healthcare subsidiary to EPF, the
French private equity group, and local management for EUR8.25m in cash. 

    In the year ended 31st December 2007, this business contributed an operating profit of EUR2.0m to the Group.

    As stated in the Annual Report & Accounts, the Board of Huveaux has been considering the strategic options for this business.  The Board
believes that this disposal provides its shareholders with the optimal value from this asset.  "Le Trombinoscope" and the related political
media assets in France have been retained within the Huveaux Group.

    The proceeds from the sale of this business will be used to reduce the bank debt of the Group.


    For further information, please contact:

 Huveaux PLC                     020 7245 0270
 John van Kuffeler,
 Non-Executive Chairman
 Gerry Murray, Chief Executive
 Officer

 Brewin Dolphin Limited (NOMAD)  0131 225 2566
 Sandy Fraser




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