Disposal
October 27 2009 - 4:30AM
UK Regulatory
TIDMCCC
RNS Number : 4195B
Computacenter PLC
27 October 2009
Computacenter announces the sale of its trade distribution division CCD to
Ingram Micro for an undisclosed sum. This completes Computacenter's exit from
trade distribution and leaves Computacenter totally focused on services and
solutions for end user customers. This disposal will reduce annualised revenue
for the Group by circa GBP80 million and will have some negative impact on the
Group's profits, but it is not sufficiently material to impact our
expectations for 2009 or 2010.
The disposal will involve the transfer of approximately 40 employees and zero
gross assets.
The unwinding of working capital used in the business and proceeds from the
sale, will generate in excess of GBP20 million of free cash over the coming few
months.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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