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Monday, 26 September 2016

Beltone to invest USD 24 mn acquiring 60% of Auerbach Grayson

BELTONE FINANCIAL will invest USD 24 mn in Auerbach Grayson, Al Borsa reported. The company said it has completed its fair value assessment for the transaction. Beltone will inject the money through a capital increase that would leave it in control of up to a 60% stake in Auerbach Grayson, possibly through a subsidiary. Beltone had previously agreed to acquire 51% of the company.

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