Renew Holdings Sharpens Focus with Strategic Disposal
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Renew Holdings Sharpens Focus with Strategic Disposal

Renew Holdings plc (GB:RNWH) has released an update.

Renew Holdings plc has strategically sold its subsidiary, Walter Lilly & Co. Limited, to Size Holdings Limited, aiming to focus on Specialist Engineering and exit the Specialist Building sector. This move is in line with the company’s plan to concentrate on markets with long-term, non-discretionary funding. The sale is expected to improve Renew’s operating margins and strengthen its presence in growth markets, following the Excalon acquisition earlier in the year.

For further insights into GB:RNWH stock, check out TipRanks’ Stock Analysis page.

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