24th Jan 2022 11:19
Impellam Group PLC - Luton, England-based talent acquisition and workforce management company - Sells its Georgia, US-based recruitment business Corestaff for GBP14 million. The business has been sold to Texas-based digital staffing company Swipejobs Inc. Impellam expects the transaction will be completed in early February. Following the disposal, Impellam said it will use the proceeds to pay down net debt to fund additional investment.
For the year ended January 1, 2021, Corestaff generated revenue of GBP72 million, gross profit of GBP10 million and an operating loss of GBP100,000.
Current stock price: 510.00 pence, down 0.5%
12-month change: up 100%
By Heather Rydings; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.
Related Shares:
IPEL.L