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