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Apr. 26	Top Cryptocurrencies Fall; Bitcoin Drops Below $64,000	MT
Apr. 26	Sector Update: Financial Stocks Mixed Late Afternoon	MT

R8 Capital targets August to complete Redwood acquisition

March 15, 2024 at 03:46 pm EDT

R8 Capital Investments PLC - London-based fintech with a bitcoin banking app - Expects the acquisition of Redwood Financial Partners Ltd, announced in November, to be completed by the end of August. Explains that the extended time frame is largely to accommodate an IFRS conversion exercise of Redwood Bank Ltd, RFPL's wholly-owned subsidiary, and to provide sufficient time for the Prudential Regulation Authority to provide consent to change of ownership, required under the transaction. Believes the deal is progressing well, although it remains subject to due diligence and regulatory approval.

Current stock price: suspended at 2.20 pence

12-month change: up 96%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BITCOIN (BTC/USD)	63,601 USD	-0.23%	-0.15%	-
BITCOIN (BTC/EUR)	59,536 EUR	-0.18%	-0.58%	-
R8 CAPITAL INVESTMENTS PLC	2.25 GBX	-.--%	-.--%	2.88M

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