CBG continues acquisition spree

Hightlights

CBG has agreed to pay an initial consideration of £1,200,000 in cash for EDN. Further deferred consideration totalling a maximum £1,125,000 is payable in cash and shares over a two year earn-out period against achievement of targets. EDN’s operational businesses generated profit before tax of £219,959 on turnover of £1,170,012 in the year to 31 March 2007. The acquisition consolidates CBG’s position within the North West marketplace. CBG will benefit from the enhanced buying p

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