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Wed, 01st Aug 2018 13:08
LONDON (Alliance News) - Staffline Group PLC said Wednesday Bank of America Corp has lowered its stake in the company to below the notifiable threshold.
Prior to the transaction, the financial services company held a 5.1% holding in the recruitment company.
Staffline shares were flat at 1,092.00 pence each on Wednesday afternoon.
Staffline has acquired A4e, a welfare training services company, for £34.5m. The acquisition is in line with the staffing services group's strategy to growth its employability division. Staffline said it will assume A4e's net debt of £11m. A4e expects to post revenues of £140, and profit before tax
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