Posted on 03 Oct 2013

Deal of the Day: Palace Capital, a £710,000 AIM


Deal of the Day: Palace Capital, a £710,000 AIM tiddler, paid £39.3 million for a portfolio of 24 commercial properties from Quintain Estates. Palace, whose Chairman Stanley Davis built and sold IRG for more than £100 million, part-funded the deal by selling new shares through Arden Partners, the broker. The shares are suspended at 2.13p pending completion of the deal.