Duke has agreed modifications to the terms of three royalty agreements from the Capital Step acquisition. The effect is to unlock a minimum of £3.7m in additional revenues over the next 5 years. As a result, Capital Step's future revenue is expected to increase by 25%+ at no additional cost. This realises a key synergy from the Capital Step deal.
14 May 2019
Cenkos: Duke Royalty Ltd - Capitalising on more favourable terms
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Cenkos: Duke Royalty Ltd - Capitalising on more favourable terms
Duke Capital Limited (DUKE:LON) | 33.5 0 0.0% | Mkt Cap: 139.2m
- Published:
14 May 2019 -
Author:
Cavendish Research -
Pages:
7
Duke has agreed modifications to the terms of three royalty agreements from the Capital Step acquisition. The effect is to unlock a minimum of £3.7m in additional revenues over the next 5 years. As a result, Capital Step's future revenue is expected to increase by 25%+ at no additional cost. This realises a key synergy from the Capital Step deal.