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Brexit driving UK corporates to flog off under-performing branches

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UK corporates are likely to drive a growing trend across Europe for large businesses to flog off their non-core divisions, according to new research.

Corporate and advisory experts spanning Europe expect to see an increased number of businesses carving out their less-loved branches and selling them off, a survey from private equity firm Aurelius found.

But in a sign that not all companies are having a trouble-free time at the moment, respondents to the survey predicted that turnaround and special situations investors would scoop up the most assets.

Read more: Diageo to sell Goldschlager and other brands in favour of premium........

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