Empresaria (GB:EMR) has released an update.
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Empresaria Group PLC has divested its 51% stake in its Japanese subsidiary, Fines Tokyo K.K., as part of its strategy to exit smaller operations in non-core markets. The sale, involving a repayment of JPY50 million and a transfer of interest, is viewed as a related-party transaction. This move aligns with Empresaria’s earlier communicated plans and the proceeds will be retained on the Group’s balance sheet.
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