Caffyns (GB:CFYN) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.
For further insights into GB:CFYN stock, check out TipRanks’ Stock Analysis page.