StockMarketWire.com - CPPGroup has agreed to sell its North American business - subject to approval - to AMT Warranty Corp for $40m in cash.

The group also says it has agreed a further extension of its existing bank facility on amended terms with its existing lenders.

The group says the disposal and the amended facility are expected to provide a period of time up to 30 September for it to engage in further discussions with its existing lenders and its major shareholder, Hamish Macgregor Ogston, with a view to refinancing the amended facility on a longer term basis and providing some additional working capital for the group.


At 8:48am: [LON:CPP] ComProp share price was -2.3p at 5p



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