FD Technologies (GB:FDP) has released an update.
FD Technologies PLC has announced a strategic divestment of its First Derivative Business to EPAM Systems for £230m, enabling a sharper focus on its AI-driven innovation arm, KX. The deal, which is subject to shareholder approval, is set to complete in Q4 2024 and is expected to position the company for robust growth and allow for excess cash to be returned to shareholders. In its recent trading update, FD Technologies reported performance in line with expectations, with further details to be revealed in the upcoming interim results.
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