LONDON (Alliance News) - Honeycomb Investment Trust PLC on Thursday said it bought a portfolio of consumer loans from GE Money Consumer Lending Ltd.
Honeycomb acquired the loans for GBP54.0 million and said it intends to buy another portfolio from GE Money within three months.
Honeycomb floated in London at the end of December, raising GBP100.0 million to back the acquisition of consumer and small business loans.
Honeycomb shares were untraded on Wednesday, having last traded at 1,000.00 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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