Pets At Home (LON: PETS) disposes of five Specialist Group

 

  • Pets At Home Group Plc (LON: PETS) has disposed of its five Specialist referral practices group.
  • The disposal for a cash consideration of up to £100 million has been done to Linnaeus Group, a subsidiary of Mars Veterinary Health.
  • The total consideration includes £80 million in cash and a deferred cash consideration of £20 million, which would be paid on meeting some financial milestones in the future.
  • The five Specialist Group includes the assets and operations of Dick White Referrals, Anderson Moores, Northwest Veterinary, Eye Vet and Veterinary Specialists Scotland.
  • The stocks of the company, on 1 December 2020, traded higher by 0.19% from its previous closing, hovering at around GBX 420.20 at 09:30 AM GMT+1.

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