tiprankstipranks
FD Technologies Sharpens Focus with £230M Divestment
Company Announcements

FD Technologies Sharpens Focus with £230M Divestment

FD Technologies (GB:FDP) has released an update.

Pick the best stocks and maximize your portfolio:

FD Technologies PLC has agreed to sell its First Derivative Business to EPAM Systems for £230 million, a move aimed at sharpening the company’s focus on its AI-driven KX division and creating shareholder value. The divestment, pending shareholder approval, is set to provide funds for KX’s growth strategies and enable a significant return of excess cash to shareholders. Both KX and the First Derivative Business are expected to benefit from this transaction through a strengthened partnership with EPAM and enhanced growth prospects.

For further insights into GB:FDP stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskFD Technologies Announces £120 Million Shareholder Return via Tender Offer
TipRanks UK Auto-Generated NewsdeskFD Technologies Proposes £120 Million Shareholder Return via Tender Offer
TipRanks UK Auto-Generated NewsdeskFD Technologies Expands Share Capital Through Employee Share Option Exercise
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App