VCI Global Acquires 51% Stake In Software Company Cogia For $5M
Portfolio Pulse from Shivani Kumaresan
VCI Global Ltd (NASDAQ:VCIG) is acquiring a 51% stake in software company Cogia GmbH for $5 million, to be settled by issuing new VCI Global ordinary shares to Cogia AG. The acquisition aims to strengthen VCI Global's presence in global AI-related industries.
June 26, 2023 | 2:37 pm
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VCI Global acquires 51% stake in Cogia GmbH for $5M, expanding its presence in AI-related industries.
The acquisition of a 51% stake in Cogia GmbH will help VCI Global expand its presence in AI-related industries, potentially increasing its revenue and market share. This could lead to a positive short-term impact on VCIG's stock price.
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