A.P. Eagers: AP Eagers divests refrigerated logistics business to free up debt

Australia's largest automotive retailer AP Eagers (ASX: APE) has entered into a $100 million deal that will reduce its net debt by around $95 million. The company has sold its refrigerated logistics division to Sydney-based private equity firm Anchorage Capital Partners as part on a debt and cash free basis. AP Eagers acquired the...