LONDON (ShareCast) - (ShareCast News) - AIM-listed investor GLI Finance has agreed to buy an additional 2.1% stake in Sancus IOM Holdings, which finances small-medium sized enterprises, for £163,331.
The acquisition will be bought at the same price for each share the company paid for the initial 14% it bought in February and will be funded from existing cash resources.

The deal will see Sancus BMS Group, which the company bought last May, increase its shareholding in Sancus IoM to 23.1%.

GLI said that the acquisition will also mean that it benefits from Sancus IoM's continued growth in the industry.

Shares in GLI Finance were down 0.88% to 22.55p at 0849 BST.

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