StockMarketWire.com - Enterprise software supplier Sage Group said it had agreed to sell its US-based payroll outsourcing business to iSolved HCM for around £78m.

Sage said it expected the deal, which remained subject to US antitrust approval, to be completed within the next three months.

A statutory profit on disposal of £23m was expected to be booked in Sage's accounts.

The sale proceeds would be invested for growth and used to reduce net debt, Sage said.


At 1:12pm: [LON:SGE] Sage Group The PLC share price was +2.9p at 594.9p



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