19/07/2000
The merchandising group is receiving a boost to the balance sheet via an Italian toy company. Enrico Preziosi and Claudio Luti are purchasing 15% of The Character Group's shares at 100p per share via an investment vehicle. 40% of the stake will be sold by chairman Richard King. The two companies have had a close trading relationship since 1997. The total consideration of £1.9m will also provide the group with funds to make acquisitions, using the contacts of the two Italian gentlemen.
| Market cap: | £19.5m |
| PE Average: | 68.5 |
| PE Forecast: | n/a |
| PE Historic: | n/a |
| Share price: | 92.5p |
Manage Your Finances
Money, tax and benefits : your official guide.
