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Image header Agence Europe
Europe Daily Bulletin No. 7970
Contents Publication in full By article 49 / 59
ECONOMIC INTERPENETRATION / (eu) communications

The suffering Belgian group L&H - LERNOUT & HAUSPIE SPEECH PRODUCTS, in conjunction with the Belgian judiciary, concluded an agreement with the company SAIL LABS after which it bought 100% of SAIL LABS BVBA, the subsidiary of the latter active in the management of intelligent content, for EUR 9 million. According to the terms of the acquisition, it also increased from 19.9% to 26.4% its stake in the parent company to the price of EUR 20 per share or a total of EUR 4.27 million. L&H spent no cash for these operations, it being financed by the conversion of the debts built up by SAIL LABS with the group from Ypres.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION