Source - SMW
STM Group has agreed to acquire Malta-based retirement scheme administrator Harbour Pensions for an undisclosed sum.

Harbour has around 1,600 members and booked revenues in the year through December of £1.1m.

The acquisition is subject to regulatory approval by the Malta Financial Services Authority, a process that STM said generally takes a few months. 

At 8:24am: (LON:STM) STM Group PLC share price was 0p at 53.5p