Bapcor sells footwear, resources divisions from Hellaby acquisition

Tue, 10 Oct 2017

By Sophie Boot Oct. 11 (BusinessDesk) - ASX-listed Bapcor has sold its Hannahs, Number 1 Shoes, and Contract Resources businesses to undisclosed buyers and will likely reap about $92 million from the unwanted Hellaby Holdings assets. The company, which gained the New Zealand resources and footwear divisions when it took over Hellaby earlier this year, said it expects the deals to be completed this month, and that it is still in the process of divesting TBS Group. The Australian firm was only ever interested in Hellaby's auto division, an...

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