Print Published 17th Aug 2012, 08:13

Morton brokers marriage of WFCA to Porta

The hand of veteran financial entrepreneur Bob Morton lies behind this morning’s announcement that Porta Communications is to acquire the struggling Tunbridge Wells advertising agency WFCA for almost £1.5 million by way of a share exchange that values each WFCA share at 0.33p.

Morton’s offshore company Hawk Investment Holdings holds shares in both companies and has been funding WFCA’s need for further capital.