Micro Focus International plc (MCRO.L, MFGP) announced that it has agreed definitive terms to sell its SUSE business segment to Blitz 18-679 GmbH, a newly incorporated indirectly subsidiary of EQTVIII SCSp which is advised by EQT Partners, for a total cash consideration of $2.535 billion on a cash and debt free basis.
Micro Focus said the net proceeds will be used in part to pay any tax arising from the transaction and to repay a proportion of the existing Micro Focus Group debt. The remainder of the net proceeds will be used for general corporate purposes and/or returned to shareholders.
Kevin Loosemore, Executive Chairman of Micro Focus, said: "We are delighted that this investment has generated substantial shareholder value and provided further vindication of our portfolio approach to software management. We will evaluate how best to deploy the net proceeds of the Transaction for the benefit of Shareholders over the coming months."
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.