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Construction News

Mon March 25 2019

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UK Platforms sale completes

14 Jan HSS has completed its £60.5m sale of powered access subsidiary UK Platforms Limited to Nationwide Platforms, part of the Loxam Group.

HSS said that the net proceeds from the sale will be used to reduce debt and enable greater focus on its tool hire business.

The disposal was originally announced on 19th July 2018, approved by HSS shareholders in August, and cleared by the Competition & Markets Authority in December.

MPU

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