Christie (GB:CTG) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Christie Group has sold Orridge Holdings Limited to RGIS Inventory Specialists for £5 million as part of its strategy to focus on core growth areas and improve financial stability. This sale enables Christie Group to reduce subsidiary trading losses and allocate more resources to its profitable divisions. By divesting Orridge, Christie eliminates exposure to future losses and aligns with RGIS’s expansion plans, benefiting both clients and staff.
For further insights into GB:CTG stock, check out TipRanks’ Stock Analysis page.