DCC pays £4m for larger ITP stake

DCC, the computer software localisation provider, has announced that it has paid deferred consideration of £4.046.000 now due following the increase in its stake in International Translation and Publishing Limited. from 44.5 per cent to 90 per cent in August 1996. The company said the total cost of the increased shareholding came to £4.343 million, based on a valuation of ITP of 6.5 times its average earnings for the two years to March 31st, 1997.