HML Holdings to buy Alan Foster & Associates

29th May 2014 10:37

HML Holdings has agreed to buy block property management business Alan Foster & Associates, based in Guildford, Surrey. HML, which provides property management, insurance and ancillary services to residential property blocks, will pay £361,000 in cash for the firm.Alan Foster & Associates produces annual revenues of about £290,000 and is expected to be immediately earnings enhancing. Shares rose 2.88% to 35.75p at 10:47 on Thursday.RD

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