Transact's parent company IntegraFin has published a statement on the London Stock Exchange saying it has no intention of making an offer for rival adviser platform company Nucleus Financial.
Back in November Nucleus released a statement saying it had received offers from Transact's parent company IntegraFin Holdings and James Hay's private equity owner Epiris. Nucleus also said it was in discussions with Aquiline Capital Partners and Allfunds regarding potential offers for the company. At the time it confirmed these discussions were ongoing. Sanlam owns 52% of Nucleus's issued share capital and said it is supportive of the Nucleus board engaging in potential offer discussions. Nucleus intends to work with Sanlam to ensure all of the shareholder's interests are properly co...
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