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home / articles / SWVL - Mass Transit Solutions Provider Swvl Sells Its Subsidiary Urbvan Mobility For $12M | Benzinga

SWVL - Mass Transit Solutions Provider Swvl Sells Its Subsidiary Urbvan Mobility For $12M | Benzinga

Swvl Holdings Corp

Swvl Holdings Corp (NASDAQ: SWVL) has sold one of its subsidiaries, Urbvan Mobility Ltd, a transport provider in Latin America, Kolors Inc, for $12 million.

Swvl acquired Urbvan in July 2022 in an all-share acquisition, and the sale of Urbvan to Kolors is comprised entirely of cash.

The company will receive $12 million for the ...

Full story available on Benzinga.com
Stock Information
Company Name: Swvl Holdings Corp
Stock Symbol: SWVL
Market: NASDAQ
Website: swvl.com
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