Fidessa Group Share News (FDSA)
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FDSAWed, 02nd May 2018 17:19
LONDON (Alliance News) - Investment management software developer Fidessa Group PLC said on Wednesday that HSBC Holdings PLC bought a 5% stake in the company.
HSBC bought a total of 38.8 million shares in Fidessa in a transaction which was completed on Tuesday.
Last week, FTSE 250-listed Fidessa accepted an offer of GBP38.703 in cash for each of its 40.1 million shares by ION Capital UK Ltd.
Shares in Fidessa Group closed down 0.2% at 3,925.00 pence.
Financial software and services group Fidessa said it expected a gradual increase in the growth rate in 2015 from the level it reached last year. The FTSE 250 group said while conditions in the financial sector remained challenging, the gradual improvements that the market registered in 2014 have ca
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