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Company News Summary

Bapcor Announces Sale of Non-Core Businesses

11 Oct 2017  |  09:11:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Sale of Non-Core businesses

Bapcor advised that it signed sale agreements for the following noncore Businesses: NZ Footwear, Contract Resources (excluding North America) and Contract Resources (North America). The sales are subject to customary completion conditions. The transactions are expected to be completed during October 2017. Expected proceeds from the total sales of non-core assets are consistent with the Company's achieving the value of assets held for sale as disclosed in the Company's June 2017 accounts of NZ$92m.

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