ITALY - MPS invests EUR 10m into Neomobile
MPS Venture has underwritten a EUR 10m capital increase in B2C mobile entertainment company Neomobile, taking a 16% stake in the business.
MPS Venture will support Neomobile’s external growth strategy, predominantly through international expansion, which is expected to register a growth of over 20% this year. The highest growth rates are expected from “BRIC” (Brazil, Russia, India, China), as well as other emerging markets like Turkey and Mexico, where Neomobile already has a presence or aims to start operations.
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