SEC buys stake in Polish PR firm

Maryam Cockar Sharecast | 21 Apr, 2017 14:03 | | |

Office, offices
  • 119.50
  • -0.00%-0.00
  • Max: 119.50
  • Min: 119.50
  • Volume: 0
  • MM 200 : n/a
17:17 18/08/17

Public relations firm SEC has completed the acquisition of a 60% stake in Polish communications company Martis Consulting for €1.1m.

The acquisition was conditional on the spin-off of Martis’ property, securities and bank loans.

Martis, which will continue to be run by its exiting management team, conducts public and corporate affairs for companies in the oil and gas, energy and environment, financial services, healthcare, housing, justice and legal, as well as property development and transport sectors.

It generated €1.44m in unaudited revenue in 2016, with pre-tax profit of €223,689.

The acqusition is part of the company’s strategy to develop an integrated marketing services business and it follows recent deals made in Brussels and the UK to expand its presence in Europe.

SEC is aiming to make further acquisitions in new territories.

More news

20:21 Sunday newspaper round-up: Bank of England, BT, Channel 4, Daily Mail and General Trust

A boom in cheap loans provided by the Bank of England is fuelling Britain’s consumer debt bubble. High street lenders have ramped up their use of a special lending facility created by Mark Carney, the Bank governor, after Britain’s vote for Brexit. They have now borrowed more than £72bn from the Term Funding Scheme (TFS), an analysis of public disclosures reveals - a 30% jump since the end of March. - The Sunday Times

19 Aug US close: Stocks end lower despite Bannon departure

Wall Street slipped slight lower heading into the weekend as traders tried to figure out the implications of recent events on Capitol Hill and weighed the unexpected departure of White House chief strategist Steven Bannon.

18 Aug Europe close: Stocks edge slightly higher at the end of the session

Stocks pared early losses as traders digested a terrorist attack on Barcelona overnight and monitored the news-flow coming from the White House.

18 Aug Weeky review

The FTSE 100 finished the week almost flat, up 14.02 points or 0.19%, at 7,323.98.

18 Aug London close: Risk aversion grips FTSE, stocks lower on Trump and Barcelona attacks

London's FTSE 100 index fell below a key technical level as Friday's session wore on, with travel stocks leading the retreat after the terror attacks in Barcelona and the large cabal of overseas focused companies hit by the dollar's weakness amid renewed concerns about the US Presidency.

18 Aug BowLeven appoints new director

AIM-listed oil and gas group, BowLeven announced on Friday that Matt McDonald would be appointed to the firm's board as non-executive director with immediate effect.

18 Aug Week ahead: Not everything that happens at Jackson Hole stays there

In the coming week, the spotlight will be on the Federal Reserve bank of Kansas City's Symposium in Jackson Hole, Wyoming.

18 Aug Acacia remains a 'buy' for HSBC but target price slashed

HSBC cut its target price for Acacia Mining by 47% but kept its 'buy' recommendation in place as the months-long spat with the Tanzanian government still hangs over the company.

18 Aug US open: Stocks flat heading into the weekend, political ruckus weighs

Wall Street is essentially flat heading into the weekend after the head of the University of Michigan's consumer confidence survey said recent events in Charlottesville were likely to take their toll on sentiment.

18 Aug FTSE 250 movers: Hikma still looking ill; Kaz Minerals buffs up

Hikma Pharmaceuticals shares continued their downward spiral as HSBC slashed their target price, telling clients its first half numbers contained lower guidance for generics and a tougher outlook for injectables and branded drugs.