Empresaria (GB:EMR) has released an update.
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Empresaria Group PLC has fully acquired its Philippines subsidiary, Monroe Consulting Philippines, by purchasing the remaining 20% share capital from former managing director Monica Viladot Medina for £0.4 million. The deal, funded through the company’s existing bank facilities, is seen as a strategic move to consolidate Empresaria’s interests and promises added value to shareholders. This transaction is considered fair and reasonable by independent directors and Empresaria’s nominated adviser.
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