FX.co ★ Altus Group Sells Global Property Tax Business To Ryan LLC For C$700 Mln

Altus Group Ltd. (ASGTF.PK, AIF) announced on Thursday the successful completion of the sale of its international property tax division to Ryan, LLC—a company specializing in tax services, software, and technology—for C$700 million. This strategic move positions Altus Group to focus exclusively on becoming a leading software, data, and analytics platform. The proceeds from the sale will be utilized to reduce debt to optimal levels, drive innovation, return capital to shareholders, and streamline corporate overhead.