Organto Foods (TSE:OGO) has released an update.
Organto Foods Inc. is set to streamline its operations and reinforce its financial stance by divesting three of its Dutch subsidiaries to a third-party buyer. This strategic move aims to enhance the company’s profitability and focus on its remaining operations, such as the recently acquired NFG New Fruit Group GmbH, which boasts a solid foundation in organic and non-GMO products. The sale includes the assumption of liabilities by the purchaser, marking a significant shift in Organto’s business model.
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