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IFA consolidator to take break from buy-outs, citing political 'uncertainty'

News Team, 30/09/2019

Consolidator AFH Financial has said it will stop buying up businesses for the “foreseeable future”, to focus on organic growth.

In a trading update to the London Stock Exchange today and following a flurry of three acquisitions being announced in less than a week, AFH said it was now looking to focus on organic revenue growth and improving its technology.

However, it would likely still complete a number of deals currently undergoing due diligence, following the issuance of £15 million worth of convertible loan stock in July.

“In 2016, following a significant number of acquisitions, AFH decided that in t...


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