Advertisement
UK markets close in 4 hours 15 minutes

  • FTSE 100

    8,300.06
    +86.57 (+1.05%)
     

  • FTSE 250

    20,396.66
    +232.12 (+1.15%)
     

  • AIM

    777.26
    +5.73 (+0.74%)
     

  • GBP/EUR

    1.1647
    -0.0013 (-0.11%)
     

  • GBP/USD

    1.2544
    -0.0020 (-0.16%)
     

  • Bitcoin GBP

    51,042.89
    -233.47 (-0.46%)
     

  • CMC Crypto 200

    1,328.48
    -36.65 (-2.68%)
     

  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     

  • DOW

    38,852.27
    +176.59 (+0.46%)
     

  • CRUDE OIL

    78.18
    -0.30 (-0.38%)
     

  • GOLD FUTURES

    2,324.10
    -7.10 (-0.30%)
     

  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     

  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     

  • DAX

    18,312.02
    +136.81 (+0.75%)
     

  • CAC 40

    8,025.24
    +28.60 (+0.36%)
     
Money:

The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

Intertrust in talks over possible $1.9 billion takeover by CVC

Reuters
Updated ·1-min read

AMSTERDAM (Reuters) - Dutch financial services company Intertrust has entered exclusive talks over a potential 1.63 billion euro ($1.87 billion) takeover by private equity firm CVC Capital Partners, it said on Friday.

CVC is aiming to bid 18 euros per outstanding Intertrust share, the company statement said. That would be a premium of 43% on Intertrust's closing price of 12.56 euros on Thursday.

If the proposed deal is completed, CVC would aim to merge Intertrust with Dutch peer TMF Group, which the private equity firm bought in 2017 for about 1.8 billion euros.

Intertrust said it has cancelled its capital markets day planned for Nov. 23.

ADVERTISEMENT

The company, which offers administrative, fund and private wealth services in more than 30 jurisdictions worldwide, last year had net income of 20.8 million euros on revenue of 565 million euros.

A CVC representative was not immediately available for comment on Friday morning.

($1 = 0.8738 euros)

(Reporting by Bart Meijer; Editing by David Goodman)