October 01 2019 - RiverFort arranges InfraStrata shipyard purchase through RiverFort Global Opportunities PCC Investment Update
InfraStrata have entered into an agreement to purchase the Harland And Wolff Heavy Industries Limited and Harland and Wolff Group Plc from the administrator for a total consideration for £6million, the purchase will save the 79 jobs that were originally at risk due to the administration of the company.
To fund the purchase InfraStrata have entered into an agreement for £2.2million with RiverFort Global Opportunities PCC arranged by RiverFort Global Capital. The loan is unsecured and interest free on the first tranche of £700,000.
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