TEAM plc transforms overseas platform with Neba Wealth acquisition (VIDEO)

TEAM plc (LON:TEAM), the wealth, asset management and complementary financial services group, has announced that it has acquired the entire issued share capital of: –

– Neba Financial Solutions Limited, a Labuan, Malaysia regulated network of financial advisers operating in Asian, South and Central American, African and Middle Eastern markets; and

– Neba Financial Solutions Private Limited which promotes structured funds to IFAs primarily in Dubai and Singapore from the 100% shareholder, John Beverley, for a total initial consideration of £1.181 million to be satisfied by the issue by the Company of a loan note which is convertible into new TEAM shares.

Executive Chairman Mark Clubb joins DirectorsTalk Interviews to discuss the acquisition of Neba Wealth Management.

Mark talks us through the strategic rationale behind the acquisition, combining Neba with Globaleye under Team East, bringing John Beverley to the company and how quickly Mark expects to expand TEAM East.

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TEAM plc

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