Sage Brazil's management completed the acquisition of the company from Sage Group for £10m.

Sage Brazil's management completed the acquisition of the company from Sage Group, a British multinational enterprise software company, for £10m. The sale consideration is approximately £1m payable on completion, plus deferred consideration of up to £9m. Sage expects to report a statutory non-cash loss on disposal of £15m on completion, of which £11m reflects the reclassification of foreign exchange losses from other comprehensive income to the income statement.