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CentralNic Group PLC - London-based online marketing services - Says now completed the acquisition of Berlin, Germany-based VGL Verlagsgesellschaft mbH. VGL has been acquired for an enterprise value of €60 million, with an initial consideration of €67 million, about $75 million. Acquisition has been financed by an oversubscribed placing to institutional investors, raising gross proceeds of £42 million, at a fixed price of 120 pence per share.
Current stock price: 124.45 pence, up 9.2% on Tuesday
12-month change: up 47%
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