- Communications and marketing group Porta Communications said it had agreed to sell its stake in Capital Access Holdings to Industrial Lending 1.

The 39.5% stake would be sold in return for Industrial Lending 1 agreeing to cancel Porta's guarantee of up to £1m in respect of Capital Access.

As 30 June, the company's investment in Capital Access had a carrying value of nil on Porta's balance sheet, having been fully written-down during 2017.

At 2:04pm: [LON:PTCM] Porta Communications PLC share price was 0p at 1.25p

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