Business
Sale Of Compliance Division
Sale Of Compliance Division.
About this update from Kazera Global Plc
[{"type":"text","content":"\n \nRNS Number : 1047N Managed Support Services PLC 26 August 2011 \n \n\n \n \n \nFOR IMMEDIATE RELEASE 26 August 2011 \n \nManaged Support Services plc\n (\"MSS\" or the \"Group\") \n \n \nSale of Compliance Division\n \nThe Board of MSS is pleased to announce it has today completed the sale of the Group's Compliance Division for an agreed gross consideration payable at completion of £3.85 million. \n \nThe Group expects to receive net cash of £3 million following adjustments for working capital and the settlement of inter group balances. The Division has been sold to Capita Symonds, a trading division of The Capita Group Plc.\n \nThe services offered by the Compliance Division were the consultancy based provision of Health & Safety advice and the provision of Water Treatment monitoring and legislative compliance with water related legislation. The core of the Division was the Health & Safety unit, with the Water Treatment unit b...