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Regus operator IWG to sell Japan operations for 320 million pounds

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(Reuters) – British serviced office space provider IWG Plc said on Monday it would sell its Japanese operations to TKP Corp for 320 million pounds as part of a strategic partnership.

In the deal, TKP will buy 130 flexible co-work centres operated by IWG in Japan and will also allow the Japanese company to exclusively use IWG’s Regus, Spaces and OpenOffice brands.

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Bernard Orr)

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