LKQ To Sell Self Service Segment In $410 Million Deal
Synopsis
The company said that the net proceeds from the sale will be used to strengthen its balance sheet through debt repayment, and the transaction is expected to be completed during the fourth quarter of 2025.
LKQ Corp (LKQ) announced on Tuesday that it has entered into a definitive agreement to sell its Self Service segment to an affiliate of Pacific Avenue Capital Partners for an enterprise value of $410 million.
The company added that the net proceeds from the sale will be used to strengthen its balance sheet through debt repayment, and the transaction is expected to be completed during the fourth quarter of 2025.
Get updates to this developing story <directly on Stocktwits<.<
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.