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Forward Partners Group PLC - London-based investment firm - Confirms realisation of £600,000 following the sale of 91% of its holding in Cazoo Group Ltd.
Forwards Partners had first held an investment in car rental subscription business Driver, which was acquired by Cazoo in 2020. Forward Partners decided to roll its stake into the enlarged business.
Proceeds from the disposal will further strengthen the balance sheet, and the remaining interest remains in escrow until July 27.
Current stock price: 47.00 pence
12-month change: down 54%
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