Caffyns (GB:CFYN) has released an update.
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Caffyns PLC has agreed to sell its freehold property at Brooks Road, Lewes to Lidl Great Britain Limited for £4.65 million. The sale will allow Caffyns to reduce its bank borrowings and maintain financial stability, as part of the payment will address its pension fund deficit. This strategic move is not expected to significantly impact Caffyns’ net asset position or future earnings.
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