We note the announcement this morning from CentralNic confirming that funds from the bond placement have been received and the acquisition of TPP Wholesale is now complete, with the acquisition of Hexonet due to complete on the 5th August. We leave our forecasts unchanged for now and will factor in the acquisitions and bond placement when the completion of the Hexonet acquisition is confirmed, which we expect on the 5th August.
01 Aug 2019
Acquisition of TPP Wholesale complete
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Acquisition of TPP Wholesale complete
Team Internet Group plc (TIG:LON) | 139 0.6 0.3% | Mkt Cap: 361.4m
- Published:
01 Aug 2019 -
Author:
Bob Liao, CFA -
Pages:
3
We note the announcement this morning from CentralNic confirming that funds from the bond placement have been received and the acquisition of TPP Wholesale is now complete, with the acquisition of Hexonet due to complete on the 5th August. We leave our forecasts unchanged for now and will factor in the acquisitions and bond placement when the completion of the Hexonet acquisition is confirmed, which we expect on the 5th August.