RevoluGROUP Canada (TSE:REVO) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
RevoluGROUP Canada Inc. is poised to sell its Spanish subsidiary RevoluPAY EP, S.L.U. to a U.K. financial group, with the deal potentially closing within 3 to 5 months, subject to regulatory approvals. The transaction, valued at approximately CAD 4.3 million, is part of a strategic shift to focus on the Canadian and U.S. markets, targeting the development of Banking as a Service (BaaS) and the appointment of a new CEO.
For further insights into TSE:REVO stock, check out TipRanks’ Stock Analysis page.