Peoplein Completes Sale of 79.3% Stake in Techforce Personnel

MT Newswires Live

12/05

Peoplein (ASX:PPE) completed the divestment of its 79.3% stake in Techforce Personnel, according to a Friday filing with the Australian bourse.

The divestment, completed for AU$23.5 million and realizing over 100% return on the company's four-year investment, is expected to strengthen the company's balance sheet and support its strategy to pursue high-growth acquisitions and expand its workforce solutions business in Australia, per the November filing.

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