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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