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Emess

Companies: EMSS   
09/06/1999

Emess is to offload its subsidiary JSB Electrical for £38m. Of this figure, £14m will be satisfied by Cooper's assuming Emess' debt. The cash will be used to reduce gearing, and will also allow the company to focus on its lighting division.

Market cap: £29.1m
Share price: 26.75p
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