Hargreaves Lansdown’s board has received an extension for the proposed acquisition of the company by a private equity consortium to 9 August.
The consortium, which includes CVC Advisers Limited, Nordic Capital, and Platinum Ivy, a subsidiary of Abud Dhabi Investment Authority, originally had a deadline of 5 August to announce a firm intention of an offer. However, Hargreaves Lansdown said in a statement that discussions with the consortium “remain ongoing”.
In June, Hargreaves Lansdown received a bid of £11.40 per share from the consortium, after rejecting multiple lower bids.
Hargreaves Lansdown is also set to release its full-year results this Friday, 9 August.
This story was written by our sister title, Portfolio Adviser
