Business management software provider Sage has completed the sale of four of its non-core assets, namely C&I, ATL, Automotive and Aytos.
The assets were sold as part of a seven-part deal which will earn the company £93.4m, the proceeds of which are being returned to shareholders.
Sage has previously said it will record a loss on disposal following completion of the transaction.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The transactions come as part of the group's plan to focus its business on growth acceleration and streamling of the portfolio.
NR
-
Bitcoin price one of the most-asked questions on Alexa - here's how to buy the cryptocurrencyAccording to figures from Amazon, which cover September 2023 to November 2024, pop star Taylor Swift and Bitcoin were named among the most popular Alexa queries of 2024
-
Investing for children this Christmas – five ideasIt might not come with a shiny ribbon, but an investment fund could be the gift that keeps on giving. We share five ideas if you are investing for children this Christmas.
