July 3 (Reuters) - CML Group Ltd CGR.AX :
* CML to sell payroll business CGR.AX
* Entered into a binding heads of agreement with Ayers Management Pty Limited to sell its payroll business, Lester Associates
* Says estimated the sale will deliver to CML around $3.5 million in cash
* Source text for Eikon ID:nASXRKY3w
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