Harwood Wealth To Buy Castleton Financial Planning For GBP1.6 Million

LONDON (Alliance News) - Harwood Wealth Management Group PLC on Monday said it will buy ...

Alliance News 11 February, 2019 | 12:15PM
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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.

By Elena Cherubini; elenacherubini@alliancenews.com

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Harwood Wealth Management Group PLC 139.00 GBX 0.00 -
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