Acquisitions1 Mar 2024, 01:34 am
CONTROL PRINT LTD ACQUIRES MAJORITY STAKE IN CODEOLOGY GROUP LTD
AI Summary
Control Print Ltd has acquired 50.49% equity stakes of Codeology Group Ltd through its wholly owned subsidiary company, CPLBV, for a total consideration of £1 million. The acquisition falls under related party transaction and is done at arm's length. The objects and effects of acquisition are considered as strategic long-term investment to have access to Codeology Group Ltd's technology and international market.,
Key Highlights
- 50.49% equity stake acquisition
- £1 million consideration
- Strategic long-term investment
- Access to technology and international market