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CPL Resources plc Exits Sweden

CPL Resources plc Exits Sweden

Cpl Resources plc has announced that it has disposed of the Swedish business European Human Resources AB, ("ERHAB"). Following the completion of the 2012 acquisition of ERHAB by CPL, a difference of opinion emerged regarding the ongoing management of ERHAB and the parties agreed to reverse the 2012 transaction, with ownership of ERHAB transferring back to the original vendors. As the bulk of the consideration for the 2012 transaction was to be payable through an earn-out, there is no material financial impact on the CPL Group.

 

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