1st Nov 2024 17:21
CloudCoCo Group PLC - London-based provider of managed IT services and communications solutions - Confirms that the proposed sale of CloudCoCo Connect Ltd has now completed. Follows announcement in October that it was selling the unit to BE Co of United Kingdom Ltd for GBP250,000, including sale of net liabilities of GBP1.7 million.
"The board intends to use the cash proceeds from the Proposed Disposal for working capital purposes. The BE Company is a provider of clean energy infrastructure for power-intensive industries, utilising a project developer model that promotes clean energy-as-a-Service. Their core competencies include project development, management, and financing, offering low-cost clean energy at an industrial scale," Cloudcoco said in October.
Current stock price: 0.27 pence, down 18% at the London close on Friday
12-month change: down 72%
By Holly Beveridge, Alliance News senior reporter
Comments and questions to [email protected]
Copyright 2024 Alliance News Ltd. All Rights Reserved.