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IN BRIEF: Northbridge Industrial completes Tasman division sale

Tue, 01st Mar 2022 19:17

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 AUD6.0 million, around GBP3.2 million, with the balance of the AUD7.9 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%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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