Altus Group Sells Property Tax Unit to Ryan

Altus Group Limited (TSE:AIF) has released an update.

Altus Group Limited has successfully sold its global Property Tax business to Ryan, LLC for C$700 million, marking a significant move towards becoming a pure-play software, data, and analytics platform in the commercial real estate sector. This strategic transaction will allow Altus to reduce debt, invest in innovation, and focus on high-quality acquisitions while enhancing shareholder value.

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