Telelink Business Services Group (TBS) announced that it has entered into an investment loan agreement in the amount of up to EUR 12m. According to the statement, the purpose of the deal is to finance the acquisition of 100% of the capital of a UK company, which is a target for the TBSG’s new M&A strategy. The loan amount represents up to 70% of the total purchase price of the UK target, indicating a total price of around EUR 17m. Recall that TBSG estimated that the budget for the potential acquisitions under the new strategy will be up to EUR 42.3m.