(Reuters) – Hargreaves Lansdown, Britain’s largest investment platform, said on Tuesday it expects the completion of its agreed 5.4 billion pound ($7 billion) takeover by an international consortium in the first quarter of 2025. The consortium, consisting of Europe’s largest private equity firm CVC Capital Partners, Abu Dhabi’s sovereign wealth fund and Swedish private equity […]
(Reuters) – Hargreaves Lansdown, Britain’s largest investment platform, said on Tuesday it expects the completion of its agreed 5.4 billion pound ($7 billion) takeover by an international consortium in the first quarter of 2025.
The consortium, consisting of Europe’s largest private equity firm CVC Capital Partners, Abu Dhabi’s sovereign wealth fund and Swedish private equity firm Nordic Capital had offered 11.40 pounds per share in cash for Hargreaves Lansdown.
Hargreaves Lansdown also said its assets under administration (AUA) rose to 157.3 billion pounds as of Sept. 30, from 155.3 billion pounds at the end of June. ($1 = 0.7701 pounds)
(Reporting by Shanima A in Bengaluru; Editing by Savio D’Souza)
