Business
Completion of Strategic Partnership Transaction
Completion of Strategic Partnership Transaction.
About this update from International Workplace Group Plc
[{"type":"text","content":"\n \nRNS Number : 7662A IWG PLC 31 May 2019 \n\n31 May 2019\n \nCompletion of Strategic Partnership Transaction\n \nFurther 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.\nUnder 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.\n \nEnquiries\n\n\n\n\nIWG plc\nTim Regan, Company Secretary\nWayne Gerry, Group Investor Relations Director\n \n\n\n+41 (0)41 723 2353\n\n\n\n\nRothschild & Co\nAlex Midgen\nSam Green\n \n\n\n+44 (0)20 7280 5000\n\n\n\n\nBrunswick\nNick Cosgrove\nSimone Selzer\n \n\n\n+44 (0)20 7404 5959\n\n\n\n\n \n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END MSCLLFIIEEILVIA\n ","length":3363,"tagName":"div"}]