Tuesday, October 18, 2005

Real Affinity back on the market 18 Months

Real Affinity, the AIM-listed marketing-services business, will be back on the market within 18 months, according to chairman Stuart Pearson. The company has just agreed an all-share sale to AIM-listed Langbar International, of which Pearson is chief executive. Pearson said that the business would grow by making small acquisitions and would then consider a sale in 12 to 18 months. He ruled out the possibility of a flotation, saying that the company was not large enough. Real Affinity\\\'s annual turnover to the end of March this year rose significantly to �8.3m from �4.6m profits before tax to the end of June were �18.2m.

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