Alternative Investment Instruments
By Victoria Young
Date: Thursday 16 Jul 2015
LONDON (ShareCast) - (ShareCast News) - Challenger Acquisitions has picked up ferris wheel business Starneth in a reverse takeover deal worth more than €7.2m.
Total consideration for the sale under a share purchase agreement was €7.2m plus 30% of earnings over €1.267m for the next three years.
Challenger has also paid €1.25m in cash and will pay two further cash payments of the same amount. The rest of the transaction will be apdi in shares valued at £0.75 per share, Challenge said in a statement.
Executive chairman Mark Gustafson said the acquisition provided a global platform in the attractions sector for Challenger.
The company's shares remained suspended because the deal was a reverse takeover
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Currency | UK Pounds |
Share Price | 0.13p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 0.13 |
52 Week Low | 0.13 |
Volume | 0 |
Shares Issued | 315.54m |
Market Cap | £0.41m |
Value |
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Value |
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Income |
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Growth |
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No dividends found |
CEO | Lars Guldstrand |
CFO | Dag Andresen |
CFO | Simon Fawcett |
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