LONDON: CPP Group Plc (CPP.L) said on Tuesday it was reorganising its leadership and implementing significant cost reductions, including the closure of its Leeds office, to align its structure with its refocused business strategy. The announcement, made ahead of interim results due on Sept. 29, follows the completion of a change programme and the recent…
Tag: CPP Group
CPP Group sells India arm to focus on insurtech platform Blink
LONDON: CPP Group (AIM: CPP) has agreed to sell its India-based subsidiary, CPP Assistance Services Private Ltd, for US$21 million (approx. £15.7 million), marking a key milestone in the Group’s transformation into a pure-play InsurTech business. The buyers, OneAssist Consumer Solutions and Bolttech Device Protection India, will acquire 100% of the company in a transaction…
CPP Group divests legacy business CPP Italia Srl for €0.5 million
LONDON, UK: CPP Group (AIM: CPP), a provider of real-time, digitally delivered assistance products which reduce disruptions to everyday life for millions of people, announced that it has disposed of its legacy operations in Italy through the sale of its wholly owned subsidiary, CPP Italia Srl to IGS EMEA SL for a cash consideration of…
CPP Group posts 14% increase in revenue during 2023
LONDON, UK: CPP Group (AIM: CPP), a provider of real-time, digitally delivered assistance products that alleviate disruptions to everyday life for millions worldwide, announced its annual financial results for the year ending December 31, 2023. The company has seen a commendable increase in group revenue, which rose by 14% to £193.0 million, up from £169.8…
CPP Group sells its stake in Globiva Services for £5.1 million
LONDON: CPP Group, a global provider of assistance products and services, has announced the disposal of its majority interest in Globiva Services, a Business Processes Management company in India, for a total of £5.1 million. The deal will be completed over a three-year period, ending in Q1 2027. The sale is part of CPP Group’s…