CPP Group Fast-Tracks Sale of Globiva Stake

CPP Group plc (GB:CPP) has released an update.

CPP Group, a digital assistance product provider, has announced the expedited sale of its 51% stake in Globiva Services for £3.8 million, adjusting to market slowdowns in the Indian technology sector. This strategic move aligns with CPP’s transformation towards a digitally led parametric business and will contribute to the company’s overall EBITDA. The deal, completed ahead of the original 2027 schedule, is viewed as fair to shareholders by company directors and advisors.

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