Duke Royalty (GB:DUKE) has released an update.
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Duke Capital Limited has announced an additional £2.9 million investment into Step Investments Limited to facilitate the acquisition of a 75% controlling stake in Bay Broadcasting Limited and to refinance existing loan notes. This move, part of a six-year partnership, brings Duke’s total investment in Step to £11.5 million, bolstering their portfolio with interests in profitable Irish radio stations and enhancing their overall security position. The investment aligns with Duke’s strategy of offering long-term, flexible capital solutions to SMEs, while seeking to generate risk-adjusted returns for shareholders.
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