Completion of disposal of ten Non-Core sites in France

Summary by AI BETAClose X

Bodycote plc has completed the sale of ten non-core sites in France, focused on heat treatment for Automotive and Industrial Markets, to Arcole for €22m in cash. This transaction is a significant step in the Group's Optimise programme, which is projected to deliver an operating profit benefit of at least £15m by mid-2027, with net programme cash costs estimated between £10m and £15m. The disposal is expected to accelerate Bodycote's portfolio transformation towards a higher quality, more resilient, and faster-growing business.

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Bodycote (BOY)
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