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DCC Energy plc said it has agreed to sell its Nexora technology division to independently managed investment subsidiaries of funds advised by One Equity Partners or Technology Disposal for $725 million.
Energy distributor DCC Energy LSE:DCC said on Friday it would sell its technology division, Nexora, to private equity firm One Equity Partners for a total enterprise value of $725 million, on a cash- and debt-free basis.Here are some details:($1 = 0.7554 pounds)
DCC Energy agreed to sell its Nexora technology division to funds advised by One Equity Partners in a deal valuing the division at $725 million. DCC expects $701 million in proceeds and said the sale is expected to complete on or after March 1.
DCC Energy agreed to sell Nexora to funds owned and advised by One Equity Partners, valuing the technology division at $725 million.
DCC Energy PLC says it will sell Nexora to One Equity Partners for an enterprise value of $725 million.