31 May 2019 11:31
31 May 2019
Completion of Strategic Partnership Transaction
Further to its announcement of 15 April 2019, the Board of IWG plc ("IWG"), global operator of leading co-work and workspace brands, is pleased to announce that the divestment of its Japanese operations to TKP completed on 31 May 2019.
Under the long term master franchise agreement, TKP has exclusive rights to the use of the Regus, Spaces and OpenOffice brands in Japan. TKP will continue to operate the Japanese centres under IWG's brands and operating platform, and has committed to a development plan which will add significantly to IWG's centre network in Japan.
Enquiries
IWG plc Tim Regan, Company SecretaryWayne Gerry, Group Investor Relations Director
| +41 (0)41 723 2353 |
Rothschild & Co Alex Midgen Sam Green
| +44 (0)20 7280 5000 |
Brunswick Nick Cosgrove Simone Selzer
| +44 (0)20 7404 5959 |
IWG (IWG)