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Island firm buys remainder of UK company

A Manx financial services company says it's brought forward plans to buy out a UK finance firm.

Manx Financial Group already owned just over 50 per cent of Payment Assist Limited, and says it's now bought the remaining shares in the company for £5 million.

MFG says it originally bought 50.1 per cent in 2022, and planned to acquire the rest of the shares by the end of December.

By buying the remainder early, Manx Financial says it'll save up to £4 million in future dividends.

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