GO plc - Acquisition of Bell Med Shareholding

On 4 July, GO plc announced that it has entered into a share purchase agreement for the acquisition of the remaining 40% of the issued share capital of BM IT Limited, BM Support Services Limited and Bellnet Limited for a total consideration of €8 million.

Back in April 2009, GO plc had bought 60% of the issued share capital of the same companies for €9.5 million. Therefore GO plc has paid a total of €17.5 million for the entire share capital of the Bell Med Group.