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.
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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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