11 Mar 2013 15:01
11 March 2013
CPL Resources plc
Cpl Resources plc ("CPL") announces 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.
Cpl Resources plc +353 1 614 6000
Anne Heraty, CEO
Josephine Tierney, Finance Director
Davy Corporate Finance (NOMAD) +353 1 679 6363
Ivan Murphy
Daragh O'Reilly
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