July 13, 2017 / 6:23 AM / a month ago

BRIEF-Thalassa says terminated disposal discussions on WPG, ARL

July 13 (Reuters) - Thalassa Holdings Ltd:

* Thalassa holdings - update on disposal discussions

* Thalassa holdings - ‍board received proposals from interested third party for acquisition of 100% of WGP group, investment in Autonomous Robotics Ltd (ARL)

* Thalassa holdings - ‍board concluded that proposals did not provide Thalassa shareholders with sufficient value, therefore terminated discussions​

* Says ‍board resolved to increase share buy back programme announced on 27 January 2017 from £2 million to £4 million​ Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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