11th Feb 2019 12:15
LONDON (Alliance News) - Harwood Wealth Management Group PLC on Monday said it will buy independent financial advisory firm Castleton Financial Planning for GBP1.6 million.
The price is expected to be 50% payable on completion of the deal with further 25% transactions on the first and second anniversary of the acquisition.
Harwood Chair Peter Mann said: "The acquisition of Castleton is our second this financial year, and in line with our strategy has a strong cultural fit to the Group. It is very pleasing to have started 2019 with the purchase of two quality businesses, and we continue to see a healthy pipeline of opportunities available to us."
Harwood shares were untraded at 136.00 pence each on Monday.
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