Chief executive, Patrick Kennedy said the acquisition would mean an easy platform for further expansion in Australia. He said: “It gives us the ability to develop further in Australia. For as long as we owned 61 per cent of the business it wasn’t easy to make further acquisitions because you had minority shareholders so I think it positions us to do other things.”
It is expected that the deal will be completed by the end of February 2011. Patrick Kennedy added: “This is a good deal to acquire the remaining shares early, which will allow us to drive development and investment and secure full participation in the upside of the business.”
http://www.plimsoll.co.uk/industry-report.aspx?Industry=sports-management-promotion
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