Solocal (FR:LOCAL) has released an update.
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Solocal Group has completed a significant financial restructuring, leading to Maurice Lévy taking the helm as Chairman and CEO, with his company Ycor assuming control. The restructuring has resulted in a reduced debt load and a strengthened board, positioning Solocal for sustainable and profitable growth. Enhanced by Ycor’s expertise in AI, Solocal aims to become a leading local digital player in France, focusing on efficiency and leveraging the PagesJaunes brand and a large customer base to revitalize its business.
For further insights into FR:LOCAL stock, check out TipRanks’ Stock Analysis page.
