Altus Group Limited (TSE:AIF) has released an update.
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Altus Group Limited, a leading commercial real estate intelligence firm, has announced the sale of its Property Tax business to Ryan, LLC for C$700 million, streamlining its operations to focus on Analytics. This divestiture will finance investments in analytics, a C$250 million share buyback program, and debt reduction, positioning Altus for robust revenue growth and margin expansion by FY 2026. The deal also includes a C$15 million subscription agreement with Ryan, further reinforcing Altus Group’s strategic pivot towards high-value growth opportunities.
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