Hercules Site Services to sell off excavator business
Construction group Hercules Site Services is planning to sell its Suction Excavator business, which will "materially reduce" its debt levels.
The Suction Excavator business amounted to less than 5% of the group's revenue, but 88% of its consolidated debt, excluding invoice discounting.
It is now a non-core activity, the AIM-listed group said, and the planned divestment will enable it "to dedicate greater resources to deliver on its strategy to capitalise on the continued high-growth opportunities available to Hercules' core Labo... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
