RAC sells 2 units for $157 mln to cut debt

Newswire

LONDON, April 28 (Reuters) - British motoring services firm RAC Plc said on Monday it would sell two of its mechanical handling businesses to the UK unit of Canada's Finning International for 98.7 million pounds ($157 million). RAC said the sale of the Lex Harvey and Lex Birchwood businesses, which supply forklift trucks and mobile maintenance services to business clients across the UK, was expected to be completed on May 31. The company said the cash deal was earnings enhancing and it ...

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