24th Jul 2015 09:08
LONDON (Alliance News) - EPE Special Opportunities PLC on Friday said it has struck a GBP8.6 million deal to acquire the limited partnership held in ESO Investments 1 LP by DES Holdings IV(A) LLC that it does not already own.
EPE will pay GBP5.7 million of the consideration in cash on completion, with the remaining GBP2.9 million to be paid before the end of September.
It said the deal is in line with its strategy to buy out minority interests and participants in assets where EPE sees value.
Separately, EPE said it has reached an agreement to get GBP4.5 million in loan notes from a group of private investors. The loan notes will be subscribed for at 142.13 pence per EPE share, in line with its net asset value per share at the end of January.
Shares in EPE were up 0.9% to 109.00p on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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