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Sweett Group confirms Middle East exit

The company intends, where possible, to service all existing contracts

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The group indicated in December it was looking to exit the Middle East

Sweett Group (LON:CSG) has confirmed it is to close its office in the Middle East and exit the Middle East/North Africa (MENA) region.

The decision should not come as a big surprise as the property and construction consultancy announced on 2 December its intention to exit the Middle East as soon as was reasonably practicable.

The company intends, where possible, to service all existing contracts and, if necessary, will arrange for the orderly hand-over to local consultancies.  

Following the closure of MENA, Sweett Group now has operations in the UK, Ireland, France, Spain, Italy, the USA and Canada.

Shares in Sweett were up 2.3% in a falling market in afternoon trading.

Quick facts: Sweett Group

Price: - -

AIM:CSG
Market: AIM
Market Cap: -
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