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Thorn sells Fona to MBO

Friday 14 November 1997 00:02 GMT
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Thorn sells Fona to MBO

Thorn, the struggling Radio Rentals retailer, has sold its Danish electronics group, Fona, to a management buy-out for pounds 76m. Thorn will record an exceptional gain of pounds 15m on the transaction. It will keep its DER rental operation in Denmark.

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