StockMarketWire.com - Ascential has sold its Groundsure business for £170 million to a subsidiary of ATI Global.

Groundsure is a brand that sits within Ascential's Built Environment & Policy segment.

The £170 million price includes an initial cash consideration of £140 million, plus a £30 million interest-bearing vendor loan note.

Ascential CEO Duncan Painter said: 'For us, today's transaction brings into even clearer focus our strategy and core customer proposition: enabling our customers to design and create the right products, maximising their marketing impact and optimising their digital commerce performance.'




At 1:39pm: [LON:ASCL] Ascential PLC share price was 0p at 345p



Story provided by StockMarketWire.com