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Spark Ventures Sells Remaining Stake In Kobalt Music

Thu, 27th Feb 2014 13:48

LONDON (Alliance News) - Spark Ventures PLC said Thursday that it had sold its remaining stake in independent music publishing company Kobalt Music Group for GBP5.4 million to a specialist US fund.

Spark was a founding investor in Kobalt in 2001, and has made total proceeds from Kobalt of GBP19.2 million from total investments of GBP4 million.

Shares in Spark were trading up 5.1% at 8.80 pence Thursday afternoon.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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