Hanson Westhouse trading on Aim

Shares in corporate finance and broking group Hanson Westhouse yesterday commenced trading on Aim following its acquisition by emerging market equity finance house SovGEM. The combined group, which has been renamed Hanson Westhouse Holdings, also successfully raised £850,000 via a placing of new shares at 59.5p a share, to fund the costs of the acquisition. SovGEM last month announced plans to buy Hanson Westhouse in a £3m reverse takeover.