IFG announce approach for international unit
08 March 2012 12:16
The IFG Group has announced that it has received an unsolicited approach about the possible purchase of its International Corporate Trustee Services division.
In a statement to the London Stock Exchange the financial services group said that the announcement is made in light of recent share price movements and should be carefully noted that the approach is recent, at an initial stage and is subject to significant conditionality and caveats.
The statement also said that 'as such it may or may not advance and no assurance can be given that a formal offer will emerge'.
IFG announced in September that discussions with Bregal Capital for a €230m sale of the Irish company ended without agreement.