Manx Financial Group PLC - Isle of Man-based financial services firm - Increases stake in Beer Swaps Limited to 90% in a GBP300,000 cash deal. Manx acquired 20% of Beer Swaps in 2018, and further enlarged its shareholding to 75% in March 2020. The company retains an option to acquire the remaining shares by February 2025, Manx highlights.
Ledbury, Herefordshire-based Beer Swaps was formed in 2015 and provides both equipment finance and rental products to the craft and micro-brewing sector.
Current stock price: 8.49 pence, up 6.1% Monday
Year-to-date change: up 2.3%
By Will Paige; willpaige@alliancenews.com
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Manx Financial (MFX)