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  5. IN BRIEF: Castle Trust pulls out of deal for PCF Group

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IN BRIEF: Castle Trust pulls out of deal for PCF Group

Fri, 30th Sep 2022 06:57

PCF Group - London-based specialist bank - Castle Trust Capital PLC confirms that it does not intend to make an offer for PCF Group. PCF Group has been in talks with Castle Trust, a London-based bank offering savings accounts and mortgage lending, about a possible all-share takeover. On Tuesday PCF Group had granted an extension to the put-up-or-shut-up deadline a third time, making it October 25.

Current stock price: 2.33 pence, closed down 25% on Thursday

12-month change: down 82%

By Chris Dorrell; chrisdorrell@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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