Christie Group is selling its retail software business for £4m in cash.
The retail software business provides point of sale, head office management and supply chain management software. The business lost £3.3m in 2007. The net asset value at that date was £7.2m
Christie could not find a partner to help finance investment in the software so it decided to sell to Cegid SA.
The hospitality and cinema software businesses remain part of Christie. They generated revenues of £1.7m in 2007.
The core pub and hotel valuations and stocktaking businesses were profitable in the first half.
Interim figures will be published before the end of September.
The share price recovered 2.5p to 83.5p, valuing Christie at £21.1m.
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