Yorkshire firm to return to stock market
बुधवार, 6 मई 2009
Broker HansonWesthouse has returned to the stock market after being bought by equity finance house SovGEM.
The Leeds-based director of the company has so far been involved with a number of flotations on AIM, including the Malaysian group PureCircle in 2007.
"Our shareholders will gain from exposure to a broader range of revenue streams and we remain confident that SovGEM's existing investments will continue to benefit from a market recovery," Garth Milne, chairman of SovGEM, comments.
Chief executive of HansonWesthouse William Staple says now presents a "timely opportunity" for a high-quality relationship to be established between the firms, which will be focused on broking and corporate finance business.
The company was established in August 2006 by linking Hanson Capital and Westhouse Securities and is wholly owned by the people working within it.
Some employees are reported to have gained their experience with some of London's leading international houses.
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