Unidare shareholder boost in sale

LIGHT engineering group Unidare is to sell its Dutch subsidiary Daalderop to venture capital group 3i for €55 million.

Unidare shareholder boost in sale

The sale will see nearly 48m returned to shareholders in an unexpected windfall.

News of the Dutch sale was contained in the group’s interim results statement, which was published yesterday. The results showed a very strong first half profit performance by the group.

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