
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...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.