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January 14, 2019

HSS completes UK Platforms sale

Filed under: Latest News — EHN Team @ 11:29 am

HSS has confirmed the completion of its sale of UK Platforms to Nationwide Platforms, a wholly-owned subsidiary of the Loxam Group, for £60.5m.

The sale was originally announced on 19 July 2018, approved by HSS shareholders on 7 August and cleared by the Competition and Markets Authority (CMA) in December.

As at 29 December 2018, UK Platforms is expected to have total gross assets of between £35m and £37m, and EBITDA in the range of £11m to £12m.

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