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IN BRIEF: TP Group completes sale of Sapienza Consulting

12th Jul 2022 16:06

TP Group PLC - Wincanton, England-based consulting, software and engineering company - Completes the sale of Sapienza Consulting Holdings BV to a wholly owned subsidiary of Serco Group PLC, a FTSE 250-listed outsourcer. Half of the net proceeds, around GBP1 million, will now be used to part repay the company's GBP7 million loan facility with HSBC Bank PLC.

Current stock price: 1.40 pence, up 2.2% in London on Tuesday afternoon

12-month change: down 63%

By Heather Rydings; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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