John Menzies Sells Print Media Distribution Arm
John Menzies is to focus on its aviation business after agreeing to sell its print media distribution arm to a private equity firm.
The agreement with Endless LLP follows long-term pressure from major Menzies shareholders to split up the divisions.
Under the £74.5m deal, Menzies will retain a 10% equity stake in the distribution division, which will also partly fund its pension scheme.
Read more: https://www.bbc.com/news/uk-scotland-scotland-business-44966703