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SLLDY Sanlam Ltd Sponsored (PK)

8.706
-0.074 (-0.84%)
02 Aug 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Sanlam Ltd Sponsored (PK) USOTC:SLLDY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.074 -0.84% 8.706 7.95 8.95 8.73 8.6501 8.71 8,721 21:55:43

Nucleus Financial Shares Jump on Potential Takeover Proposals

02/12/2020 1:01pm

Dow Jones News


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By Matteo Castia

 

Shares in Nucleus Financial Group PLC jumped Wednesday after the company said it has received approaches for a possible takeover from financial-platform provider Integrafin Holdings PLC, and private-equity firm Epiris LLP in conjunction with its associate James Hay Partnership Management Ltd.

The wrap-platform provider said it is also in preliminary talks with private equity firm Aquiline Capital Partners LLC and wealth-tech company Allfunds (U.K.) Ltd.

Integrafin and Epiris are interested in acquiring the entire share capital of Nucleus, it added.

Nucleus said its majority shareholder Sanlam U.K. Ltd. is supportive of the company engaging in potential offer discussions. Sanlam owns 52% of Nucleus.

"There can be no certainty that any offer for Nucleus will be made, nor as to the terms on which any offer might be made," Nucleus said,

Nucleus shares at 1215 GMT were up 42.5 pence, or 32%, at 175.0 pence. This values the company at 133.8 million pounds ($178.2 million).

 

Write to Matteo Castia at matteo.castia@dowjones.com

 

(END) Dow Jones Newswires

December 02, 2020 07:46 ET (12:46 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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