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Sale of ADVEO Italy falls through

ADVEO reports that the negotiations for the sale of ADVEO Italy to GDN S.P.A. GROUP, which includes Italian wholesaler Office Distribution, have been unsuccessful and will not go ahead.

ADVEO added that it is in negotiations with two other investors for its Italian subsidiary, with a deadline set for the end of the month.

Regarding  the sale of ADVEO  France and ADVEO Benelux to Sandton, ADVEO said the processes is continuing in accordance with the usual terms with an extended deadline of May 22.

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