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Porta Communications takes stake in Redleaf to 81%

It has paid £850,037 paid in cash and shares for an additional 15% of the business

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The company took a 51% stake in Redleaf in April 2014

Porta Communications PLC (LON:PTCM) has taken its interest in Redleaf Polhill, the City financial PR firm, to 81%.

It has paid £850,037 paid in cash and shares for an additional 15% of the business after a put option was exercised, paving the way to the sale.

Porta took a 51% stake in Redleaf in April 2014.

Quick facts: SEC Newgate S.p.A

Price: 31 GBX

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