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Braveheart Investment Group bids to take full control of Paraytec

Braveheart has offered to buy the UK scientific instrument business in shares worth £111,652

Braveheart Investment Group -

Braveheart Investment Group plc (LON:BRH) has offered to buy the rest of the shares in Paraytec Limited that it does not already own.

If accepted, Braveheart will take full control of the UK scientific instrument business through the payment of £111,652 worth of shares.

Braveheart currently owns 56% of Paraytec.

The offer is open for acceptance by Paraytec shareholders until the close of business on 30 September.

York-based Paraytec develops specialist detectors for the analytical and life sciences instrumentation market. Its ActiPix technology is used for optical imaging and absorbance measurements of fluid samples flowing in capillaries or fluid flow cuvettes.

Quick facts: Braveheart Investment Group

Price: 11.5 GBX

AIM:BRH
Market: AIM
Market Cap: £3.11 m
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