Welcome to our dedicated page for SPAR Group news (Ticker: $SGRP), a resource for investors and traders seeking the latest updates and insights on SPAR Group stock.
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SPAR Group, Inc. announces the timing of its 2024 fiscal first quarter results conference call, scheduled for May 15, 2024. The call will be hosted by CEO Mike Matacunas and CFO Antonio Calisto Pato, with a Q&A session following prepared remarks. Participants can join by phone or webcast, with a replay available through May 22nd.
SPAR Group, Inc. announces the sale of its majority share in South Africa's Meridian Group to Lindicom for around $10 million, simplifying its operating structure. The sale aims to create long-term shareholder value and provide cash for further growth, leveraging brand equity and capital to maximize opportunities and return on investment.
SPAR Group, Inc. completes the acquisition of the remaining minority interest in Resource Plus, a U.S.-based joint venture, resulting in 100% ownership of the U.S. business. The acquisition aims to optimize and simplify SPAR's business operations, achieving $500,000 in operating synergies within the first 12 months post-transaction. The company will pay $3 million USD in annual payments over a five-year period as per the joint venture agreement terms.