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Aug 12, 2024 · Global metals recycler Sims has agreed the sale of its UK metal business to Unimetals Group for £195mn ($248.8mn), the company announced in an ASX filing. The sale consists of all 28 UK sites, including three port facilities and four shredders, all of which had an intake volume of around 1.3mn t of ferrous and non-ferrous scrap and sales volumes of 1.4mn t in the financial year ending 30 June ...
Aug 12, 2024 · Sims has announced that it has entered into a binding agreement to sell its UK Metal business (UKM) to Unimetals Group for £195 million. This includes the value of retained working capital, subject to a completion mechanism linked to net asset value. Completion remains subject to customary completion conditions, including obtaining regularly ...
Aug 13, 2024 · Sims also intends to divest itself of its remaining stake in Circular Services. Sims Ltd., headquartered in Australia, has entered into a binding agreement to sell its U.K. Metal business (UKM) to London-based Unimetals Group Ltd. for total after-tax cash proceeds of approximately 195 million pounds sterling (AU$385 million, or $250 million ...
Oct 7, 2024 · Australia-based Sims Ltd. has reached completion on the previously announced sale of its United Kingdom Metal business (UKM) to London-based Unimetals Ltd.. According to Sims, since the agreement was reached in August, initial cash proceeds of about 40 million British pounds ($52.5 million) have been received from the conversion of working capital surplus to Unimetals’ specified requirements.
Aug 13, 2024 · Sims has sold its UK metals (UKM) business to British outfit Unimetals Group for £195 million (EUR 228 million), subject to regulatory approval. The deal brings to a conclusion the strategic review announced by the Australian giant in November 2023. It followed a 10.8% fall in sales revenue. The transaction is expected to be completed before ...
Oct 3, 2024 · Unimetals Group Limited entered into a binding agreement to acquire UK Metal business of Sims for approximately £200 million. Pacific Equity Partners acquired 50% stake in LMS ENERGY Pty Ltd from Sims Limited. -- Sims completed the sale of its UK Metal business to Unimetals, according to a Friday filing with the Australian bourse.
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Aug 14, 2024 · The company has entered into a binding agreement to sell its UK Metal business to Unimetals Group Limited for total after-tax cash proceeds estimated at around £195 million. This transaction is part of Sims' broader strategic review initiated on November 22, 2023, and is expected to close before the end of the first quarter of FY25, pending regulatory approvals.
