Paragon would have been willing to acquire the entire Communisis business on a solvent basis – including its pension scheme liabilities – for £1 in May 2023, but the deal was rejected and the group struggled on for a further seven months before going into administration with a subsequent pre-pack sale of parts of the business to… Paragon.
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The Israeli investment platform will build on the UAE's efforts to become a world leader in artificial intelligence and attract more futuristic technology companies to the country.