Bigblu Broadband PLC (LON:BBB) was an early riser on Friday, surging 18% to 127.5p after proposing the sale of its holding in Quickline, the holding company for Quickline Communications.
The AIM-listed broadband services provider has agreed a deal with private markets investment firm Northleaf Capital Partners valuing the shareholding at up to £48.6mln, which is a return of up to 5.8 times the cost of the initial investment.
Of these, £41.1mln will be paid in cash and £5.6mln in loan notes on completion.
The AIM-listed firm said a donation has been made to provide material for 858 vehicles, protecting over 400,000 passengers from coronavirus and other bacteria and fungi normally present on surfaces.
Guarulhos becomes the first public transport system in the world to incorporate d2p anti-microbial technology to protect the health of its users.