4th Mar 2015 08:55
LONDON (Alliance News) - GLI Finance Ltd Wednesday said it sold its entire holding in Fair Oaks Income Fund Ltd for USD32.2 million.
GLI, a finance provider to small- and medium-sized enterprises, held a total of 34.3 million Fair Oaks shares prior to the disposal.
It said it sold the shares at a price of USD0.9425 per share, raising gross proceeds of approximately USD32.3 million.
GLI Finance shares were down 0.1% at 62.54 pence Wednesday morning.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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