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IWG shares soar on Japanese sale

2019-04-16T06:57:00

Getty stock market data large

IWG saw its share price soar 22% to 336.61p on Monday after it announced the sale of its Japanese business for £320m to Japan’s TKP.

The two companies have also agreed a franchise arrangement in which TKP will operate the 130 flexible co-working centres in Japan with IWG’s brands.

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