Adcorp sells two divisions for nearly R230m

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Group says units do not fit into its criteria to become ‘a leading workplace solutions company in select geographies’

Professional services company Adcorp has sold two of its noncore business units for R227.3m.

After a review of its strategy and portfolio, the group said in a statement the two units — the FMS division and the employee benefits division — did not fit into its criteria to become “a leading workplace solutions company in select geographies” and so have been deemed noncore...

 

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