Powerhouse Ventures won't proceed with sale of Invert Robotics stake

By Rebecca Howard
Nov. 14 (BusinessDesk) - Christchurch-based technology incubator Powerhouse Ventures will not proceed with plans to sell a quarter of its Invert Robotics' holding for $1.3 million as one of the sale conditions has not been satisfied.
In September, Powerhouse said it had been approached during Invert's current financing round and announced plans to sell, stating the sale would result in a profit above its current book value of Invert. It currently owns 34.6 percent of the company and the sale would have reduced that to be...
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