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The Conygar Investment ( (GB:CIC) ) just unveiled an announcement.
The Conygar Investment Company PLC has announced the sale of its development land at Holyhead Waterfront and Parc Cybi in Anglesey to Stena Line Ports Limited. The transaction, set to complete on 28 March 2025, will generate net proceeds of £6.60 million, which will be used to partially repay a Barclays development loan and support ongoing operations. The sale is expected to result in a profit of £6.22 million for the year. This move aligns with Conygar’s strategic focus on optimizing its asset portfolio and could enhance its financial position, while Stena’s involvement may further the development of Prosperity Park and the Anglesey freeport, potentially benefiting local stakeholders.
More about The Conygar Investment
The Conygar Investment Company PLC is a property investment and development group. It focuses on acquiring and developing property assets across the UK, with a market focus on strategic land development and regeneration projects.
YTD Price Performance: -29.53%
Average Trading Volume: 64,318
Technical Sentiment Signal: Buy
Current Market Cap: £18.79M
See more data about CIC stock on TipRanks’ Stock Analysis page.