RevoluGROUP Canada (TSE:REVO) has released an update.
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RevoluGROUP Canada Inc. is poised to sell its Spanish subsidiary RevoluPAY EP, S.L.U. to a U.K. financial group, with the deal potentially closing within 3 to 5 months, subject to regulatory approvals. The transaction, valued at approximately CAD 4.3 million, is part of a strategic shift to focus on the Canadian and U.S. markets, targeting the development of Banking as a Service (BaaS) and the appointment of a new CEO.
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