TXT has agreed to sell its retail business for €85m in cash to Aptos, a North American retail software company. The deal should close by the end of October. Management expects to pay an extraordinary dividend in H118; we would expect a proportion of the proceeds to be retained to support the growth of TXT Next and the newly created TXT Sense business.
24 Jul 2017
Sale of TXT Retail for €85m
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Sale of TXT Retail for €85m
TXT e-solutions S.p.A. (TXT:MIL) | 0 0 0.0%
- Published:
24 Jul 2017 -
Author:
Katherine Thompson -
Pages:
2
TXT has agreed to sell its retail business for €85m in cash to Aptos, a North American retail software company. The deal should close by the end of October. Management expects to pay an extraordinary dividend in H118; we would expect a proportion of the proceeds to be retained to support the growth of TXT Next and the newly created TXT Sense business.