BP Marsh acquires 35 pct stake in start up Amberglobe for 70,000 stg (B.P.Marsh & Partners)

Date : 03/11/2008 @ 4:58AM
Source : TFN
Stock : B.P.Marsh & Partners (BPM)
Quote : 88.5  0.0 (0.00%) @ 3:00AM
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BP Marsh acquires 35 pct stake in start up Amberglobe for 70,000 stg (B.P.Marsh & Partners)

        LONDON (Thomson Financial) - BP Marsh & Partners PLC said it has acquired a
35 pct equity stake in Amberglobe Ltd for 70,000 stg.
    Amberglobe's trading name is Business Sales Centre, a start-up venture that
specialises in acting for the buyers and sellers of "mom and pop" businesses too
small for venture capitalists.
    BP Marsh said it is also providing a loan facility of 250,000 stg, plus a
conditional agreement to provide a further 380,000 stg loan funding.
tf.TFN-Europe_newsdesk@thomson.com
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