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Bunzl plc Sells UK Vending Business
Bunzl plc announced that it has disposed of Provend Group Limited and its subsidiaries (including Bunzl Vending Services Limited) to Autobar UK Limited. Based in London with operations throughout the UK, Bunzl Vending Services is engaged in supplying, servicing and operating food and drink vending equipment and systems. The Board concluded that the vending business was no longer a strategic fit within the portfolio of the Group's businesses. The disposal will generate a net cash inflow of approximately GBP30 million.
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