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Challenger Acquisitions chairman updates on Starneth deal and NY Wheel

The executive chairman of Challenger Acquisitions (LON:CHAL), Mark Gustafson, provides an update on the investment vehicle’s reverse takeover of Starneth, a specialist in giant observation wheels.

Having received an injection of capital earlier this month the group has now signed a letter of intent to acquire Starneth, and Gusfaston reckons Challenger’s shares will be readmitted to the London stock market by the end of this summer.

In an exclusive interview, he also provides an update on the latest construction work on the New York Wheel, located on Staten Island, in which Challenger has 2.5% interest.

Quick facts: Challenger Acquisitions Limited

Price: 0.13 GBX

LSE:CHAL
Market: LSE
Market Cap: £410.2 k
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