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Corporate and Commercial Update June 2010


 
Follett Stock’s Corporate & Commercial team have continued to be busy in the second quarter of the year. Notable transactions that we’ve recently completed include advising:
 
  • the buyer on the acquisition of a majority stake in a 30 year old group of telecommunications and IT companies based in Plymouth;
 
  • the leasehold owners of individual chalets on the purchase of the freehold of the site from their previous landlord;
 
  • an oil exploration group on its restructuring and on an employee share scheme;
 
  • a group of individual investors on the acquisition of an engineering company in the Midlands from its German parent company;
 
  • a Cornish manufacturer on a global licence arrangement with a Swedish brand owner;
 
  • an asset sale and lease for a local company who were selling off part of their hotel business to a national chain; and
 
  • a share sale for a successful local photography business.
 
Penny Paddle, head of the Corporate team said “We have been incredibly busy, which I hope is a good indictor for the recovery of the local economy. Whilst it could just be a blip, at the moment it shows no sign of slowing down as we have plenty of new instructions in the pipeline already for the next half of the year. Watch this space.”
If you have any Corporate Commercial queries please contact Penny by calling 01872 241700 or to email Penny click here.
 
 



Follett Stock LLP is a limited liability partnership
registered in England and Wales with registered number OC346431.

Authorised and regulated by the Solicitors Regulation Authority (SRA) | SRA ID: 73362

CHRIS LINGARD LLB (Hons) SOLICITOR - ADVOCATE (HIGHER COURTS CIVIL) -Member
MARTIN PEARSE BA (Hons) LLM - Member

Truro Business Park, Truro, Cornwall TR4 9NH T: 01872 241700
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