Monday 14th July 2008

Greystone in
£3m buy

Done deals:

• Marketing and communications firm WPP Group Plc has acquired, through its US subsidiary Ogilvy, a majority stake in Advertures, a Czech Republic online marketing agency

• A company funded by Downing Protected VCTs has bought health and fitness centre Thames Club for £3.8 million

• Vehicle remarketing company BCA has purchased vehicle distribution company UFD for £2.8 million in cash

• Sheppee International, an equipment supplier to the glass works industry, has been acquired by its management for an undisclosed, seven-figure sum

• ValiRx Plc, a cancer therapeutics and diagnostics company, has bought the final 39.7 per cent of Cronos Therapeutics for £374,000, in order to bolster its services

• India’s Ruia Group has acquired rival auto component manufacturer Schlegel Automotive Europe, which has assets of some £15.1 million

• Wealth management group Greystone Financial Services has bought its competitor Roger Harris & Co for a reported £3 million

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