Brief: Quadient To Sell UK Locker Network For €65 Mln
23/09/2026 16:59
BRIEF-Quadient To Sell UK Locker Network For €65 Mln Sept 23 (Reuters) - Quadient S.A. QDT.PA:
ANNOUNCES INTENTION TO SELL LOCKERS BUSINESS
SALE AGREEMENT CONCLUDED FOR AN AMOUNT OF EUR 65 MILLION
COMPLETION EXPECTED BEFORE FY 2026 YEAR-END
TRANSACTION BRINGS QUADIENT'S FY 2026 GUIDED LEVERAGE RATIO(1) (EXCLUDING LEASING) FROM AROUND 1.5X TO AROUND 1.2X
SALE PROCESS LAUNCHED FOR REMAINING LOCKERS BUSINESS EXPECTED TO BRING ADDITIONAL PROCEEDS, WITH OVERALL SALE OF LOCKERS REDUCING CAPITAL EXPENDITURE BY C.EUR 120 MILLION OVER NEXT FIVE YEARS
Source text: ID:nGNE2T30rS
Further company coverage: QDT.PA
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