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Ascential sells Groundsure for £170m

By BFN News | 01:39 PM | Wednesday 20 January, 2021


Ascential has sold its Groundsure business for £170 million to a subsidiary of ATI Global. Groundsure is a brand that sits within Ascential's Built Environment & Policy segment. The £170 million price includes an initial cash consideration of £140 million, plus a £30 million interest-bearing vendor loan note. Ascential CEO Duncan Painter said: 'For us, today's transaction brings into even clearer focus our strategy and core customer proposition: enabling our customers to design and create the right products, maximising their marketing impact and optimising their digital commerce performance.' At 1:39pm: (LON:ASCL) Ascential PLC share price was 0p at 345p Story provided by StockMarketWire.com

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