Alumasc contributes extra £1m to schemes after sale of subsidiary

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The Alumasc Group has contributed half of the net proceeds of the sale of its subsidiary Alumasc Dispense to its two defined benefit pension schemes, it announced today.

The building and engineering products company said in a statement its board had agreed to sell Alumasc Dispense - the group's drinks dispensing business - to management at net asset value of about ...

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