|
Wilmington PLC - London-based provider of information and training for governance and risk & compliance - Sells its UK healthcare business for up to £26.3 million to Inspirit Franklin Holdings Ltd, an entity owned by funds managed by Inspirit Capital. Explains that this disposal completes the sale of its European healthcare businesses, following the disposal of its French healthcare firm in April for €26 million. The total consideration across the two transactions is up to £48.5 million. For this transaction, the initial consideration is for £21.3 million, comprising £4.8 million in cash, with the balance satisfied through the issue by the purchaser of secured loan notes. The total consideration will increase by up to £5.1 million, subject to the UK healthcare business achieving certain earnings before interest, tax, depreciation and amortisation targets. Current stock price: 405.50 pence 12-month change: up 43% Copyright 2024 Alliance News Ltd. All Rights Reserved.
|
