Camellia (GB:CAM) has released an update.
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Camellia PLC has announced an update on the sale of its 36.9% stake in BF&M to Argus Group, which includes a potential deferral of up to $50 million from the $100 million consideration. The deferral is in the form of interest-bearing loan notes, secured by a share pledge and Argus’s guarantee, with the Amalgamation of BF&M and Argus contingent on regulatory approvals and financing. Additionally, Camellia’s Nominated Adviser and Broker has undergone a name change to Panmure Liberum Limited following a corporate merger.
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