Appreciate Group plc (AIM:APP) acquired 100% stake in MBL Holdco Ltd from Redu Group Ltd for £3.5 million on June 24, 2022. Total consideration includes initial cash consideration of £1.65m, with a further £1.8m deferred for 12 months dependent on certain criteria being met. The initial cash consideration is being met from Appreciate's existing financial resources. Richard Crawley and Jamie Richards of Liberum Capital Limited acted as Financial advisor and broker to Appreciate Group plc.

Appreciate Group plc (AIM:APP) completed the acquisition of 100% stake in MBL Holdco Ltd from Redu Group Ltd on June 24, 2022.