CPP Group plc (GB:CPP) 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.
CPP Group plc has sold its non-core subsidiary, CPP Italia Srl, to IGS EMEA SL for €0.5 million, aligning with its strategy to exit legacy operations and focus on digital parametric solutions. The sale is not expected to materially affect the group’s financial position, as CPP Italy’s contribution to the 2023 EBITDA was minimal. This move concludes the group’s withdrawal from legacy businesses, including closures and sales in Spain, Portugal, Italy, Mexico, and the UK.
For further insights into GB:CPP stock, check out TipRanks’ Stock Analysis page.