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LONDON - CPP Group Plc announced on Wednesday it has completed the sale of its Indian operations for a total cash consideration of up to $20 million, with an up-front payment of $15 million already received.
The transaction, first announced on September 15, was finalized on September 17, with the initial payment received net of Indian taxation, according to a company press release.
The London-listed technology-driven assistance company stated that the disposal will allow it to concentrate on its digitally focused InsurTech business, Blink, and accelerate investment in Blink’s commercial and technology development.
CPP Group, which creates embedded and ancillary real-time assistance products and resolution services, is listed on the London Stock Exchange’s AIM market.
The company also indicated it plans to announce its half-year financial results for the six months ended June 30, 2025, on September 29.
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