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IN BRIEF: Apex's takeover of Sanne sanctioned by Jersey Court

Tue, 02nd Aug 2022 18:06

Sanne Group PLC - FTSE 250-listed asset management services provider - Confirms that Jersey Court has sanctioned the scheme for Sanne's takeover by Apex Group Ltd.

Apex had battled it out with Cinven Ltd for ownership of Sanne, and finally came to an agreement at 920 pence per share - a figure which was put forward by Apex in early August. The 920p deal values Sanne's entire issued share capital at GBP1.51 billion.

Sanne's shares will be cancelled from trading with effect on Friday morning.

Current stock price: 918.00 pence

12-month change: up 0.9%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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IN BRIEF: Apex's takeover of Sanne sanctioned by Jersey Court

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