British regulator clears way for £206m IFG takeover

Sale of financial services firm needs court approval, with date set for end of August

The sale of financial services company IFG  values the group at £206 million. Photograph: iStock

The sale of financial services company IFG values the group at £206 million. Photograph: iStock

British authorities have approved the sale of financial services company IFG to UK-based private-equity group Epiris, clearing the way for the deal’s completion.

The Financial Conduct Authority backed the sale, which shareholders overwhelmingly backed at an extraordinary general meeting in May. The deal will now go before the high court, with a hearing set for August 27th.

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