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
-
GTA 6 release 2025: Is it game on for the Take Two Interactive Software stock?TTwo’s earnings report today is expected to confirm the release date for GTA 6. Can investors cash in on what could be the biggest launch in entertainment in over a decade?
-
Three stocks in recruitment companies with promising recovery playsRecruitment agency Robert Walters and its peers are struggling, but now's the time to buy, says Rupert Hargreaves
