News

Strategic deal done

Tuesday 2nd of September 2008
The group will pay $25 million cash, inject $15 million of new funds into the business and acquire loans for $50.2 million, according to a company statement. As part of the transaction, partner BOS International will increase its debt facilities to the company to $150 million from $100 million.

The deal amounts to a rescue of the unprofitable finance company, which halted payments to inv...

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