Financial services company IFG Group is to raise €10 million to fund acquisitions and for general corporate purposes.
The money will be raised by loan notes and warrants for 1.34 million new shares at €4 per share. The new issue represents 2.07% of the share capital.
IFG says it is pursuing its expansion policy in recurring fee income - and is in discussion with a number of companies for sale.
Subject to satisfactory terms and due diligence, IFG expects to complete these acquisitions over the next few months.
