Hargreaves Lansdown Turns Down ADIA Offer
Posted on 05/23/2024
Hargreaves Lansdown turned down a consortium takeover bid with prominent SWF ADIA that offered £4.67 billion, a 30% premium at the time. The board of directors unanimously opposed the bid claiming it undervalued the business. Other than ADIA’s Platinum Ivy, CVC Capital Partners and Nordic Capital participated in the offer. Hargreaves Lansdown plc is a…
