Adcorp sells two divisions for nearly R230m
Group says units do not fit into its criteria of to become ‘a leading workplace solutions company in select geographies’
01 December 2020 - 18:34
UPDATED 01 December 2020 - 19:56
Professional services company Adcorp has sold two of its noncore business units for R227.3m.
After a review of its strategy and portfolio, the group said in a statement the two units — the FMS division and the employee benefits division — did not fit into its criteria to become “a leading workplace solutions company in select geographies” and so have been deemed noncore...
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