Oct 3 British lender Paragon Group of Companies
Plc said it would buy asset finance brokerage Premier
Asset Finance Ltd.
** The initial cash consideration for the deal, which has
received regulatory approval, is 8.5 million pounds ($10.99
million), Paragon said.
** The company said it would pay a further 12 million pounds
over the next five years, subject to performance conditions.
** Paragon said it would pay for the deal using existing
** Edinburgh-headquartered Premier sources more than 100
million pounds of lending every year to small and medium sized
businesses, Paragon said.
($1 = 0.7731 pounds)
(Reporting by Noor Zainab Hussain in Bengaluru; Editing by