Building products supplier Alumasc (LON: ALU) has shed its loss-making business and although it will weaken the balance sheet it does mean that it can concentrate on core businesses. Yet, the rating remains low, and the yield is one of the higher ones for AIM companies.
Alumasc is selling the poorly performing solar shading manufacturer and installer Levolux to Talrus Ltd, which is owned by Rcapital, for £1. Levolux has around £1.4m in cash and that is part of the disposal. There is deferred consideration of £1m which will be paid out of the proceeds of a disposal of the Levolux business.
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