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Sage Group To Sell Polish Business To Funds Advised By Mid Europa Partners LLP

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Sage Group plc (SGE.L), on Wednesday, said it agreed to sell its Polish business to funds advised by Mid Europa Partners LLP. The sale consideration is about £66 million, payable in cash on completion.

For the year ended 30 September 2020, Sage's Polish business generated revenue of £21 million versus £19 million last year and operating profit of £4 million versus the prior year's £4 million

The transaction, which is subject to antitrust approval, is expected to complete in early 2021.

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