Feb 11 (Reuters) - ARQ Group Ltd ARQ.AX :
* SIGNED A BINDING AGREEMENT TO SELL ENTERPRISE SERVICES DIVISION (ENTERPRISE)
* BRETT FENTON WILL REPLACE TRISTAN STERNSON AS INTERIM CEO
* DEAL FOR A$35M ON CASH AND DEBT FREE BASIS
* ANNOUNCES SALE OF ENTERPRISE TO ENTITY OWNED BY CONSORTIUM COMPRISING QUADRANT PRIVATE EQUITY & CERTAIN MEMBERS OF ENTERPRISE MANAGEMENT TEAM
* CONFIRMS THAT DISCUSSIONS ARE ONGOING WITH MULTIPLE INTERESTED PARTIES FOR SMB DIVISION