Sage completes sale of four non-core assets

2nd May 2013 08:01

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