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MXC Capital Makes Further Investment Into Liberty Global JV.

LONDON (Alliance News) - Investment company MXC Capital Ltd said Thursday that it has made a further investment into MXLG Acquisitions Ltd, the company's joint venture with Liberty Global PLC.

The company made the investment to enable MXLG Acquisitions to complete the acquisitions of Koris Communications Group Ltd and 365 ITMS Ltd. MXLG Acquisitions has financed the acquisitions with funds from a senior debt facility and equity injections from shareholders.

MXC Capital, together with a co-investor, have each made an equity investment of GBP1.2 million million into MXC JV Ltd to part fund the acquisitions.

Following the investment, MXC Capital holds 100% of the voting rights of MXC JV nd continues to own 50% of its issued share capital. MXC JV holds 50% of the issued share capital of MXLG Acquisitions, with Liberty Global owning the remaining 50%.

Shares in MXC Capital were up 1.9% at 81.00 pence each on Thursday afternoon.

By Tapan Panchal; tapanpanchal@alliancenews.com

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Publication:Alliance Newswire
Date:May 2, 2019
Words:168
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