CentralNic Group PLC - London-based online marketing services - Says now completed the acquisition of Berlin, Germany-based VGL Verlagsgesellschaft mbH. VGL has been acquired for an enterprise value of EUR60 million, with an initial consideration of EUR67 million, about USD75 million. Acquisition has been financed by an oversubscribed placing to institutional investors, raising gross proceeds of GBP42 million, at a fixed price of 120 pence per share.
Current stock price: 124.45 pence, up 9.2% on Tuesday
12-month change: up 47%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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