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Capital return likely to dominate Salmat results

Sarah Thompson | Anthony Macdonald

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A potential capital return is expected to dominate Salmat ’s first-half result later this month, with investors waiting for the digital marketing company to deploy proceeds from asset sales.

Salmat sold its Business Process Outsourcing division to Fuji Film Holdings Corporation in August for $375 million, or 7.5-times earnings before interest tax, depreciation and amortisation.

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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Original URL: https://www.afr.com/policy/capital-return-likely-to-dominate-salmat-results-20130211-iluh9