Sarantel, a manufacturer of filtering antennas for mobile and
wireless devices, has completed a sale and leaseback of its fixed
assets comprising all plant and machinery, test and computer
equipment to Close Leasing.

The total value of the sale and leaseback was £600,000
(€698,000), with Sarantel realising net proceeds of £311,000 on the
deal.

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The principle terms of the finance lease are a 36 month term at
a monthly rental of approximately £20,000, the company said.

Jason T Hesse 

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