11th Feb 2016 09:09
LONDON (Alliance News) - Sanne Group PLC on Thursday said it has agreed to acquire Dublin-based Chartered Corporate Services, which specialises in company secretarial, liquidations, payroll and VAT reporting services.
The outsourced corporate and fund administration provider said CCS has 15 members of staff and a range of clients including large financial institutions, investment funds and corporates. The deal is due to complete at the end of February.
No financial details were disclosed.
"The acquisition of CCS is aligned to our strategy of acquiring businesses that support existing growth opportunities and deliver greater jurisdictional and product diversity. CCS will complement our existing operations in Ireland, delivering additional scale and product capabilities across our corporate and institutional service offering," Dean Godwin, chief executive of Sanne, said.
Shares in Sanne were down 1.6% at 315.00 pence on Thursday morning.
By Samuel Agini; [email protected]; @samuelagini
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