8th Jan 2021 14:27
AssetCo PLC - Middle East-focused provider of management and resources to the fire and emergency services - Acquires 2.9% stake - 2.5 million shares - in asset management company River & Mercantile Group PLC for GBP1.86 per share for a total of GBP4.7 million.
Separately, AssetCo says it is in regular contact with its Middle East staff, its sponsor and contacts concerning business development opportunities, but notes progress has been slower than planned due to lockdowns and travel restrictions arising from the Covid-19 pandemic.
AssetCo current stock price: 376.00 pence
Year-to-date change: down 8.5%
River & Mercantile current stock price: 202.50p
Year-to-date change: up 18%
By Ife Taiwo; [email protected]
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Related Shares:
RIV.LAssetco