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Plus turns into investing shell
INVESTORS in Plus Markets have agreed to turn the firm into a cash shell to buy a natural resources firm, after its stock exchange assets were sold to Icap. Plus, which offloaded its junior stock market for £500,000 in June after struggling to deal with soaring costs, said shareholders have agreed to let the firm hunt for a takeover. New directors Donald Strang and Hamish Harris said they will look for a firm in the natural resources sector, but they are also permitted to size up other deals that would generate returns for Plus’s remaining investors.