Altus Group Limited (TSE:AIF) has released an update.
Altus Group Limited has entered into a deal to sell its Property Tax business to Ryan, LLC for C$700 million, refocusing the company on its core Analytics business to drive growth and improve shareholder returns. The sale will fund investments in Analytics, a C$250 million share repurchase, and debt reduction, with the Analytics unit expected to generate significant revenue and margin growth by FY 2026. The strategic divestiture will sharpen Altus Group’s focus on commercial real estate software and analytics, offering enhanced financial flexibility and streamlined operations.
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