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IN BRIEF: Kin & Carta sells Edit and Relish units for GBP18.6 million

15th Nov 2021 18:04

Kin & Carta PLC - London-based business consultancy - Says it has successfully completed the sale of its two remaining venture businesses, Edit Agency Ltd and Relish Agency Ltd for a total of GBP18.6 million in cash before costs and adjustments for debt and working capital. The net proceeds of the disposals move the company into a net cash position, further strengthening balance sheet and capacity for selective acquisitions, it notes.

Current stock price: 342.00 pence

Year-to-date change: more than double from 142.00p

By Arvind Bhunjun; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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KCT.L
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