BRIEF-IKF sells stake in Ikf Technology

Wed Dec 24, 2014 1:33am EST

* Said on Tuesday it sold its 99.78 pct stake in Ikf Technology Srl for 10 euros ($12)

* Ikf Technology was sold to Mauro Edoardo Algenti who will oversee the acquired company's liquidation procedures due to indebtedness

* Said the stake in Ikf Technology was acquired in Oct. 2012 following a reverse take over transaction

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