UK's FD Technologies hits over 1-yr high on selling consulting business for $301 mln

EPAM Systems

07/10/2024 08:42

** Shares of FD Technologies  FDPF.L  up 5.8% at 1,706p -
highest since early August 2023
        ** The firm, which operates data-driven businesses,
sells consulting business First Derivative to U.S.-based EPAM
Systems  EPAM.N  for 230 mln pounds ($301.6 mln)
  
    ** Agreement with EPAM to provide funding for KX, co's
analytics business
    ** FDPF up about 48% YTD



($1 = 0.7627 pounds)

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))