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    Transfer Group Enhances Profitability with Strategic Divestiture of CSG

    Transfer Group has entered into an agreement to sell its subsidiary, Commuter Security Group, to Bevakningsgruppen. The transaction is valued at 69 million SEK (approximately 6,15 million EUR) and is expected to be completed by January 13, 2024.

    Key Points:

    • Transfer Group is selling its subsidiary, Commuter Security Group, to Bevakningsgruppen.
    • The transaction is valued at 69 million Swedish Kronor, (approximately 6,15 million EUR).
    • The purchase price will be amortized over 36 months.
    • The transaction is expected to result in a strengthened financial position for Transfer.
    • Transfer anticipates a significant increase in profitability after the sale.
    • The board has decided to sell CSG because it will not achieve the necessary critical volume to secure satisfactory profitability.
    • The sale of CSG enables a strategic repositioning of Transfer.
    • Stock ticker name: ‘TRNSF’
    • Market place: Nordic SME Sweden

     

    This information is gathered from: https://cdn.bequoted.com/media/1/3840f6ac-3a20-4ce9-917e-301885ee6328/Transfer-Group-har-ingatt-ett-Letter-of-Intent-LOI-avseende-f.pdf 

    David Zingmark
    I'm a passionate individual dedicated to shining a spotlight on incredible companies. My goal is is to uncover stories by telling the most complex operations into simplified words, empowering you as a reader to gain better insights and make informed investment and/or business choices.

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