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Kids producer seeks Energee

RFE issues 1 mil new shares

BERLIN — German kidvid player Ravensburger Family Entertainment is issuing 1 million new shares to finance the acquisition of Australian animation studio Energee Entertainment.

RTV, which has been listed on the German stock exchange since last year, plans to buy a 68% stake in the company as well as a licensing package from Euro broadcasting heavyweight CLT/Ufa with the proceeds.

RTV said the deal would give it a foothold in the Asian and European markets. Energee is expected to post revenues this year of DM24 million ($12 million).

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