- Office space group IWG said it had completed the sale of its Japanese operations to TKP. Under a long-term master franchise agreement, TKP had exclusive rights to the use of the Regus, Spaces and OpenOffice brands in Japan. TKP would continue to operate the Japanese centres under IWG's brands and operating platform. At 1:18pm: [ ] IWG Plc share price was -1.4p at 335.5p Story provided by StockMarketWire.com
IWG has completed the sale of is Japan -based operations to TKP less than two months after the deal was announced. IWG will continue to operate the co-working and flexible office centres under TKP ’s brands and operating platform. The companies signed a long-term master franchise agreement that gives TKP exclusive rights to use the Regus, Spaces and -1.4p brands in Japan .