Solocal Group’s Restructuring and Growth Outlook
Company Announcements

Solocal Group’s Restructuring and Growth Outlook

Solocal (FR:LOCAL) has released an update.

Solocal Group has announced additional documents available for its shareholders ahead of the Combined General Meeting on June 19, 2024, detailing the financial restructuring including the contribution of Regicom shares. An independent expert has deemed the restructuring fair, vital for operations, and potentially value-preserving for shareholders. Ycor’s strategy for the combined Solocal-Regicom entity envisions significant revenue growth and improved EBITDA margins by 2027, with a planned investment of €130 million over three years.

For further insights into FR:LOCAL stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks European Auto-Generated NewsdeskSolocal Releases 2024 Half-Year Financial Report
TipRanks European Auto-Generated NewsdeskSolocal Reports Downturn in H1 2024, Restructures Leadership
TipRanks European Auto-Generated NewsdeskSolocal Group Announces Reverse Share Split
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App