Brief: Swvl Sells One Of Its Subsidiaries, Urbvan, To Kolors, To Leverage Sale Proceeds For Enhanced Strategic Expansion
13/09/2023 10:18
Sept 13 (Reuters) - Swvl Holdings Corp SWVL.O :
* SWVL SELLS ONE OF ITS SUBSIDIARIES, URBVAN, TO KOLORS, TO
LEVERAGE SALE PROCEEDS FOR ENHANCED STRATEGIC EXPANSION
* SWVL HOLDINGS CORP - PROPOSED DEAL FOR FOR AGGREGATE GROSS
PROCEEDS OF $12 MILLION
* SWVL HOLDINGS CORP - SALE OF URBVAN TO KOLORS IS COMPRISED
ENTIRELY OF CASH
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Further company coverage: SWVL.O
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