Private equity firms CVC Group, Nordic Capital and Abu Dhabi's sovereign wealth fund are set to takeover U.K. investment firm Hargreaves Landsdown.
The consortium said 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."Bloomberg | Bloomberg | Getty Imagessaid on Friday it had agreed to a takeover offer equivalent to £5.4 billion by a group of investors including CVC Group.
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.
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