IN BRIEF: Manx Financial ups stake in Beer Swaps in GBP300,000 deal

Manx Financial Group PLC - Isle of Man-based financial services firm - Increases stake in Beer ...

Alliance News 14 June, 2021 | 2:41PM
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Manx Financial Group PLC - Isle of Man-based financial services firm - Increases stake in Beer Swaps Limited to 90% in a GBP300,000 cash deal. Manx acquired 20% of Beer Swaps in 2018, and further enlarged its shareholding to 75% in March 2020. The company retains an option to acquire the remaining shares by February 2025, Manx highlights.

Ledbury, Herefordshire-based Beer Swaps was formed in 2015 and provides both equipment finance and rental products to the craft and micro-brewing sector.

Current stock price: 8.49 pence, up 6.1% Monday

Year-to-date change: up 2.3%

By Will Paige; willpaige@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Manx Financial Group PLC 7.25 GBX 0.00 -

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