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Northbridge Industrial Services PLC - Burton-on-Trent-based specialist industrial equipment manufacturer - Announces completed sale of its Tasman operations in Australia and New Zealand. Company has received an initial payment of A$6.0 million, around £3.2 million, with the balance of the A$7.9 million to be paid in three additional instalments.
Only remaining asset left of the Tasman division is the Middle East operation, which is expected to be sold in time.
Current stock price: 169.00 pence
12-month change: up 71%
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