DCC PLC (DCC.LN), a business support services group, said Thursday it has agreed to dispose of its Mobility & Rehabilitation business to Patterson Medical, a distributor of rehabilitation and sports medicine products which is a division of the U.S. listed group, Patterson Companies, Inc. (PDCO).

MAIN FACTS:

-The assets being disposed of by DCC comprise DCC's 94% shareholding in Physio Med Services Limited, DCC's 60% shareholdings in Ausmedic Australia Pty Limited and Metron Holdings Pty Limited and the business, net tangible assets and goodwill of DCC's wholly owned subsidiary, Days Healthcare U.K. Limited.

-The total consideration, payable in cash, for DCC M&R, including amounts payable to the minority shareholders, is EUR37 million (GBP31 million) on a cash free / debt free basis, subject to an adjustment to reflect normalized net working capital.

-The pretax cash impact on DCC, net of minorities, costs and anticipated adjustments for normalized net working capital, is expected to be EUR30 million (GBP25 million) which is in line with the DCC balance sheet carrying value of the net tangible assets and goodwill that are being disposed of.

-DCC M&R accounted for less than 1% of the DCC Group's operating profit in the financial year ended March 31.

-Shares at 1318 GMT up 9.05 pence, or 0.57%, at 1602.88 pence.

-By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com
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