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
Email Form

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

Copyright 2019 Alliance News Limited. All Rights Reserved.

Email Form

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Harwood Wealth Management Group PLC

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation

By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies