Empresaria Group plc (AIM:EMR) acquired 60% stake in Grupo Solimano for £2.1 million on July 17, 2018. The total consideration is expected to be approximately £2.1 million, comprising an initial cash payment of £1.35 million, a deferred payment of approximately £0.55 million due to be paid by September 2018 and a contingent amount of £0.2 million dependent on the final results for the year ended December 31, 2018. Managing Director of Grupo Solimano, Rocco Solimano, retains a 40% interest in the Grupo Solimano. The investment is funded by the operating cash flows of the Empresaria Group plc. In the year ended December 31, 2017, Grupo Solimano generated revenue of £14.9 million. Managing Director of Grupo Solimano, Rocco Solimano, will continue to manage Grupo Solimano going forward. The transaction is expected to be neutral from an earnings perspective in the current financial year ending December 31, 2018 and earnings enhancing in the next financial year. John Llewellyn-Lloyd, Steve Douglas and Ciaran Walsh of Arden Partners plc (AIM:ARDN) acted as financial advisor and broker to Empresaria Group plc. Empresaria Group plc (AIM:EMR) completed the acquisition of 60% stake in Grupo Solimano on July 17, 2018.