MJ Hudson has completed the sale of its data and analytics arm to Apex Group, as the firm plans to delist from AIM later this week.
The £15m sale to Apex, which was announced in April, will see £3m retained in escrow until 30 September 2024 to satisfy any buyer claims under the sale and purchase agreement. Meanwhile, the planned £25m sale of MJ Hudson's business outsourcing division to Apex has yet to be approved by regulators. The vast majority of the proceeds from the deal will go towards repaying £33.7m owed to Santander UK, with the firm stating last month it was "highly unlikely" shareholders would receive payouts once costs were settled. Last week, MJ Hudson set out its plan to cancel its shares from trad...
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