IT firm Scisys to create Irish holding company ahead of Brexit

Reuters 

(Reuters) - Britain's said it would create a holding company incorporated in as part of a plan to protect the IT services firm from "potential adverse consequences" when Britain leaves the

The holding company will be listed on the junior AIM market and the Enterprise Securities Market of Euronext Dublin, said.

Scisys, founded in 1980, supplies customized and services to the media, space, government and defence sectors.

"It is intended that New will be tax resident in the United Kingdom," the Chippenham-based company said.

(Reporting by in Bengaluru; Editing by Maju Samuel)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 17 2018. 16:39 IST