Sims to sell 50.46% stake in Sims Municipal Recycling for $45.4mn
SYDNEY, AUSTRALIA: Sims Limited has agreed to sell 50.46 percent of Sims Municipal Recycling of New York LLC (SMR) for US$45.4 million (circa A$63 million). Sims Limited will hold two of the five SMR board seats. The transaction is forecast to reach financial close in the third quarter of FY22. The buyers are a group…