RM's jumble sale has continued with the disposal of its LEGO distribution business.
The embattled education supplier announced in September that it would sell off a collection of non-core bric-a-brac to help it save £35m.
Since then, the London-listed outfit has hawked its US arm, Computrac, for £3m – representing a £2m loss on the price it paid for it in 2008 – and its Australian business to Civica for an estimated £0.9m.
Now it has found a new home for Dacta and its minority shareholding in the LEGO Education Europe joint venture.
Dacta was a LEGO distributor before LEGO Education Europe was established but still provided support for the joint venture.
Certain of its non-core assets have been sold for €0.27m to Tolo Toys Learning, for whom it was a distributor, while the LEGO Education Europe support assets will transfer to LEGO.
RM has sold its 49 per cent stake in LEGO Education Europe to LEGO A/S for €4.4m.
The assorted assets involved in these transactions contributed £1.2m to RM's pre-tax profits for the year to 30 September 2010.
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