Last checked at 23 May 2018 14:16
23 May 2018
European Wealth Group Limited
("EWG", the "Company" or the "Group")
Acquisition Update
European Wealth Group, the integrated wealth management group, today provides a further update on its proposed acquisition of Newbridge Corporation ("Newbridge").
The Board of EWG is pleased to announce that the US regulator, FINRA, has approved Newbridge's request for a change of ownership. EWG will now move to the final stages of its commercial due diligence on Newbridge, in order to assess whether the remaining (non-regulatory) closing conditions can be fulfilled to the Board's satisfaction, including a satisfactory final closing balance sheet and confirmation that there are sufficient provisions for all current and future liabilities identified since announcement of the proposed acquisition. There is no guarantee that the transaction will close.
EWG will provide an update when the process is complete.
For further details, please contact:
European Wealth Group Limited | +44 (0)20 7623 2368 |
Marianne Ismail | |
Hugo Evans | |
finnCap Ltd (Nomad and Broker) |
+44 (0)20 7220 0500 |
Adrian Hargrave | |
Scott Mathieson | |
Redleaf Communications (for media) |
+44 (0)20 3757 6865; ewg@redleafpr.com |
Robin Tozer |