IFG Group has agreed to buy out the remaining 24 per cent of its subsidiary, Financial Tradeline. The consideration for the company, which produced pre-tax profits of £110,058 for 1999, will be paid under a complex deferred payment plan between June 2001 and June 2004.

The first three sums to be paid are based on multiples of the profits achieved by Financial Tradeline in each of the first three periods. The multiple for each of these three periods will be six times pre-tax profits. A final payment may be made of £2 for every £1 by which the average profit before tax in the five years from May 1st 1999 to April 30th 2004 exceeds £500,000.

Financial Tradeline is involved in arranging trade finance.