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14 Nov 2018 | 09:40

Craven House acquires LM Funding America for $1.5m

Craven House said Wednesday it had acquired LM Funding America for about $1.5m.

Craven House acquired 640,000 LM Funding American shares at a price of $2.40 a share, taking its stake in the latter to 31.5%.

In the year to 31 December 2017, LM Funding American, a provider of funding to non-profit community associations, made a loss before income tax of $5.2m and had total assets of $2m.

In the year to 31 December 2017, LM Funding America made a loss before income tax of $5.2m and had total assets of $2m. At 9:40am: (LON:CRV) Craven House Capital PLC ORD USD1.00 share price was -0.05p at 3.3p

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