Johnson Matthey sells health division, PHP buys North East facility - News Summed Up

Johnson Matthey sells health division, PHP buys North East facility


The FTSE 100 was expected to open 20.3 points lower on Friday after having seen out the previous session 1.25% higher at 7,260.61. Stocks to watchChemicals company Johnson Matthey has sold the majority of its health business to Altaris Capital Partners for £325.0m. Johnson Matthey will keep around 30% of the division and said it expects to realise "significant additional future value" as a result of the sale. The FTSE 100-listed firm also anticipates the sale giving rise to an accounting loss on disposal/impairment of around £200.0m. Healthcare facilities investor Primary Health Properties has agreed to acquire a medical and office facility in the North East of England for a total of £10.0m.


Source: The North Africa Journal December 17, 2021 08:21 UTC



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