Altron completes Bytes UK demerger
Altron shareholders will receive about £542m (R10.9bn) in the form of Bytes ordinary shares and cash
17 December 2020 - 13:21
Technology group Altron has completed the listing of its now former subsidiary Bytes UK on the London Stock Exchange (LSE).
Altron announced in April that it would spin off Bytes, which provides software, cybersecurity and cloud services. The decision followed a review of its portfolio, which showed that Bytes’s value wasn’t reflected in the Altron group’s share price, while its growth path was different to that of the rest of the business...
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