Sims Completes Divestment of UK Metal Business

MT Newswires Live10-04

Sims (ASX:SGM) completed the sale of its UK Metal business to Unimetals, according to a Friday filing with the Australian bourse.

Since the start of the transaction, the metal recycling firm has secured 40 million pounds sterling, the filing said. An additional 182 million pounds sterling is expected following sale completion, subject to final completion accounts.

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