Sage Group PLC - Newcastle Upon Tyne-based accounting software firm - Completes the disposal of its Polish business to funds advised by Mid Europa Partners LLP for GBP66 million. Mid Europa Partners is a buyout investor focused on the growth markets of Central and Eastern Europe.
Sage first announced the sale of its Polish business in its full-year results announcement released late November. Additionally, the company is planning to sell its businesses in Switzerland, as well as some of its businesses in Asia and Australia.
The sales are aimed at "further simplifying the business".
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By Greg Roxburgh; gregroxburgh@alliancenews.com
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Sage Group (SGE)
