Alpha Growth acquires Bermuda-based insurance company with its £3.75M oversubscribed share placing
Alpha Growth PLC (LON:ALGW) (OTCQB: ALPGF) CEO Gobind Sahney tells Proactive it is acquiring an unnamed Bermuda-based insurance company supported by an oversubscribed £3.75mln share placing.
Sahney says the financial services and asset management group represents a significant building block in the company’s continued evolution. Once the transaction completes, Alpha will have around US$300M assets under management compared with just US$10M at the start of last year.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/941230/alpha-growth-acquires-bermuda-based-insurance-company-with-its-375m-oversubscribed-share-placing-941230.html
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