interactive investor to buy Equiniti Group D2C business in £50m deal

Latest ii acquisition

Mike Sheen
The deal is expected to be completed this summer

The deal is expected to be completed this summer

Equiniti Group has agreed to sell the EQi direct-to-consumer (D2C) customer business of Equiniti Financial Services to interactive investor (ii) in a deal worth up to £49m.

The deal, anticipated to complete in the summer following a customer migration exercise, comprises £48m payable in cash at completion and up to a further £1m contingent on the timing of migrating all customers...

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