Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, July 1
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Investing»UK investment firm Hargreaves Lansdown agrees to $6.9 billion takeover by CVC consortium
    Investing

    UK investment firm Hargreaves Lansdown agrees to $6.9 billion takeover by CVC consortium

    August 9, 20242 Mins Read


    A logo on the headquarters of Hargreaves Lansdown Plc in Bristol, UK, on Thursday, Aug. 8, 2024. 

    Bloomberg | Bloomberg | Getty Images

    British investment firm Hargreaves Lansdown said on Friday it had agreed to a takeover offer equivalent to £5.4 billion ($6.9 billion) by a group of investors including CVC Group.

    Abu Dhabi’s sovereign wealth fund and private equity investor Nordic Capital is also part of the consortium.

    Hargreaves Lansdown shareholders will get 1,110 British pence per share and a dividend of 30 pence per share under the deal, the company said.

    Hargreaves Landsdown Chair Alison Platt said in a statement that the offer “represents an attractive opportunity for HL Shareholders.”

    Meanwhile, Pev Hooper from CVC Private Equity Group, Emil Anderson from Nordic Capital Advisors and Hamad Shahwan Aldhaheri from the Abu Dhabi Investment Authority added that Hargreaves Landsdown “requires substantial investment in an extensive technology-led transformation to improve HL’s proposition and resilience, and to drive the next phase of HL’s growth and development.”

    “We look forward to partnering with HL’s management to accelerate its transformation plan – including investment in technology infrastructure, digital channels, and service enhancement – all with client value, service, speed of innovation, and HL’s clear purpose at the core,” they added.

    This is a breaking news story. Please refresh for updates.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBowleven to delist from London Stock Exchange’s AIM amid stalled oil project
    Next Article Bitcoin (BTC) Price Approaches $63K After “Most Epic Bear Trap”

    Related Posts

    Investing

    Analyses et prévisions relatives aux crypto-monnaies

    June 29, 2025
    Investing

    Les États-Unis peuvent-ils mettre fin à leur dépendance vis-à-vis de la Chine pour les terres rares avant qu’il ne soit trop tard ?

    June 9, 2025
    Investing

    Tesla corrige après un rallye de 23% en mai : Faut-il craindre un déclin durable ?

    June 5, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Commodities

    Commodity market pricing reeks with a recessionary afterscent – TDS

    August 6, 2024
    Property

    More property tax cuts could mean fewer tax breaks in Des Moines

    January 15, 2025
    Bitcoin

    Bitcoin Price Watch: le support contient près de 95 000 $ au milieu de baisse du volume

    May 5, 2025
    What's Hot

    Airbnb falls in the stock market. How does this affect the US real estate market?

    August 8, 2024

    hausse à 106.000€ avec des marchés prudemment optimistes concernant Israël

    June 24, 2025

    Falling sales underscore China’s property sector woes

    June 5, 2025
    Most Popular

    Concentrated Stock Positions: Compounding Versus Risk

    June 15, 2025

    Cryptocurrency takes center stage at UH finance symposium

    August 10, 2024

    Scheme of Arrangement for Acquisition of i3 Energy plc Becomes Effective

    October 31, 2024
    Editor's Picks

    Bitcoin fait face à une baisse de l’activité du réseau et à un ralentissement du marché

    February 24, 2025

    Property Tax Cut Bill Headed To Gov’s Desk, But Not Without Senator Calling It “Fertilizer”

    February 28, 2025

    Public Service Commission offers utility tips for heat emergencies

    August 26, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.