CloudCoCo Group (GB:CLCO) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
CloudCoCo Group has agreed to sell its subsidiary, CloudCoCo Connect Limited, to The BE Company for £250,000, marking a strategic shift to focus on its IT value-added reseller and e-commerce businesses. The sale aims to enhance CloudCoCo’s ability to navigate future challenges and capitalize on growth opportunities, while maintaining the company’s focus on delivering enterprise-grade IT solutions. The transaction is expected to complete by the end of October 2024, following employment contract transfers.
For further insights into GB:CLCO stock, check out TipRanks’ Stock Analysis page.
