IN BRIEF: WH Ireland completes sales of capital markets arm to Zeus
15th Jul 2024 12:11
WH Ireland Group PLC - London-based wealth management - Completes sale of its Capital Markets division to Zeus Capital Ltd. Discussions for the sale were first confirmed by WH Ireland back in May, with an agreement put in place by early June. At the time, WH Ireland said Zeus will pay up to GBP5 million in deferred consideration for the business, which acts as a stock broker and nominated adviser to London-listed companies. It has 125 corporate clients, makes markets in up to 200 stocks, and has 90 employees. The business booked a GBP2.5 million pretax loss on GBP12.3 million in revenue in the financial year that ended March 31, 2023. Read More