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Literacy Capital to Sell Portfolio Company Wifinity for GBP15 Million

MT Newswires·01/07/2026 03:55:26
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03:55 AM EST, 01/07/2026 (MT Newswires) -- Investment trust Literacy Capital (BOOK.L) said Wednesday it agreed to sell its portfolio company Wifinity to Arcus Infrastructure Partners for 15 million pounds sterling. Subject to regulatory approval, the deal is expected to close in the first quarter. Literacy Capital is also eligible to receive 400,000 pounds by the end of 2026, subject to a specific milestone. The company plans to use the proceeds to repay its revolving credit facility.