8th Aug 2022 12:00
AssetCo PLC - London-based advisory and asset management firm - Completes the sale of River & Mercantile US Holdings Ltd for USD8.8 million to Agilis Holdings Company LLC.
Says USD856,000 will be paid on completion and a further USD1.7 million will be payable within 60 days of completion. Following this, USD6.0 million with be paid in another 60 days. A further GBP240,000 will be paid one-year after completion.
River & Mercantile US was part of River & Mercantile Group PLC. AssetCo agreed a GBP98.8 million takeover of River & Mercantile back in January.
Current stock price: 712.00 pence, down 5.1% in London on Monday
12-month change: down 58%
By Heather Rydings; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.
Related Shares:
Assetco