IN BRIEF: Frontier Bidco completes acquisition of Augmentum Fintech

Augmentum Fintech PLC - London-based venture capital firm - Frontier Bidco Ltd completes its GBP185.7 million, or 111 pence per share, acquisition of Augmentum. Frontier is a vehicle indirectly and wholly controlled by Verdane Fund Manager AB, the Stockholm-based firm which manages Verdane Freya XII Investments AB. Augmentum shares have been suspended from the Main Market of London Stock Exchange, with cancellation expected from the start of trade on May 14. Following completion, board members William Reeve, Karen Brade, Conny Dorrestijn, David Haysey and William Russell have resigned.

By John Robaina, Alliance News reporter

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Augmentum Fint.