Toivo Group Plc ends its business activities in Sweden
Press release 4 March 2022 at 3 p.m. On 9 November 2021, Toivo Group Plc (“Toivo” or the “ Company”) announced the end of its piloting phase in Sweden. The Company has finished its business activities in Sweden by selling its plot assets. Moreover, all the employment contracts of the Swedish companies have expired or been terminated. Toivo no longer engages in business activities in Sweden. The Company aims to complete its rundown of the Swedish companies in 2022. The Company will record an estimated operating profit which is small but positive as a result of the termination of its