Arrow Global Group (ARW)

Sector:

Financials

Index:

FTSE Small Cap

134.20p
   
  • Change Today:
      1.20p
  • 52 Week High: 299.00
  • 52 Week Low: 60.80
  • Currency: UK Pounds
  • Shares Issued: 177.28m
  • Volume: 101,790
  • Market Cap: £237.91m
  • RiskGrade: 369

Arrow acquires Italian Zenith Service spa for €17m

By Bianca Boorer

Date: Tuesday 06 Dec 2016

LONDON (ShareCast) - (ShareCast News) - Arrow Global group, a purchaser and manager of debt, agreed terms to acquire Italian financial services company Zenith Service Spa for an enterprise value of €17m, as part of an effort to enter the Italian market worth €168bn.
The acquisition of Zenith, subject to regulatory approval by the Bank of Italy, was anticipated to complete in the first half of 2017.

The move would further expand the company's European footprint, building on the group's top three market positions in the UK, Portugal and Benelux and reinforce its position as a leading European debt purchase and management business.

Chief executive of Arrow Tom Drury said: "Zenith is our first step in creating a strong market proposition in Italy, where Arrow and Zenith already share some common clients. Zenith provides a low risk, robust platform and important servicing capabilities. Clients value Arrow's breadth of expertise, data capability, reach and scale and Zenith meets all of these criteria. Additionally the acquisition affords us an excellent vantage point from which to consider asset servicing growth in line with our targeted returns."

CEO and founder Giuseppe R. Amato said: "We are delighted to be joining Arrow. It is an exciting time for the business as it continues to expand and develop its European strategy. We have built a strong business which complements well Arrow's existing expertise. We share the same customer-centric values and service quality and I look forward to working with Arrow's management team to further strengthen and grow our business in Italy."

Arrow Global's share price fell 2.04% to 288.1p at the close on Tuesday.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ARW Market Data

Currency UK Pounds
Share Price 134.20p
Change Today 1.20p
% Change 0.90 %
52 Week High 299.00
52 Week Low 60.80
Volume 101,790
Shares Issued 177.28m
Market Cap £237.91m
RiskGrade 369

ARW Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.87% above the market average75.87% above the market average75.87% above the market average75.87% above the market average75.87% above the market average
76.64% above the sector average76.64% above the sector average76.64% above the sector average76.64% above the sector average76.64% above the sector average
Price Trend
26.05% below the market average26.05% below the market average26.05% below the market average26.05% below the market average26.05% below the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average
Income
43.62% above the market average43.62% above the market average43.62% above the market average43.62% above the market average43.62% above the market average
13.92% below the sector average13.92% below the sector average13.92% below the sector average13.92% below the sector average13.92% below the sector average
Growth
3.41% below the market average3.41% below the market average3.41% below the market average3.41% below the market average3.41% below the market average
47.54% below the sector average47.54% below the sector average47.54% below the sector average47.54% below the sector average47.54% below the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 1
Sell 1
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ARW Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 06-Jun-19
Paid 11-Oct-19 12-Jul-19
Amount 4.40p 8.70p

Trades for 26-Oct-2020

Time Volume / Share Price
12:32 2,467 @ 134.20p
11:50 5 @ 135.60p
11:49 2,178 @ 134.20p
11:47 10 @ 135.60p
11:45 1,189 @ 135.00p

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