Happy World Property Ltd (MUSE:HPL.I0000) agreed to acquire Two Business Centres operating in Port Louis and Ebene from Regus International Holdings limited and IWG plc (LSE:IWG) for MUR 90 million on February 4, 2022. The total purchase consideration is funded by a long-term loan facility from The Mauritius Commercial Bank to Happy World Property Ltd. The newly acquired Business Centres will continue to operate the “Regus” brand name by virtue of a strong, long-duration agreement made by the Company with Franchise International Ltd, the Franchisor, and Happy World Ltd, their Master Franchisee for the Indian Ocean islands of Mauritius, Reunion and Seychelles with a right of first refusal for Madagascar.