Sage completes sale of four non-core assets

Business management software provider Sage has completed the sale of four of its non-core assets, namely C&I, ATL, Automotive and Aytos.

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.

The transactions come as part of the group's plan to focus its business on growth acceleration and streamling of the portfolio.

NR

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