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Updated · Bloomberg · Jun 18EQT Buys Intertek for £9.3 Billion as Another London Listing Exits
1 articles · Updated · Bloomberg · Jun 18Summary
- Intertek agreed to a £9.3 billion takeover that will take the testing and inspection group off the London Stock Exchange.
- £60 a share in cash, plus the final dividend, will be paid to shareholders under the offer announced Thursday.
- EQT is leading the bid with backing from Abu Dhabi sovereign wealth funds ADIA and Mubadala.
- The deal adds another UK-listed company to the wave of departures from London’s stock market.
Insights
As private equity takes another giant private, is the London Stock Exchange facing an irreversible decline? When Gulf sovereign funds buy a key UK company, who truly controls global supply chain security?