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ComputerLinks sale results in windfall for Fayrewood shareholders

Written by Business Weekly
Wednesday, 28 March 2007
Fayrewood in Luton plans to return at least £35 million to shareholders following the £24.7 million sale of its entire shareholding in ComputerLinks AG. The computer components distributor reduced its 27.47 per cent stake in CL down to nil, selling its 1.85m shares at €13.55 each. The net proceeds from the sale will be added to those received from the £32.6m sale of UMD in Spain.

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