Electra Private Equity has announced that it has received a binding offer from funds advised by BC Partners for Allflex Holdings, its largest investment.
The offer, which values Afflex at over $1.3bn, would result in gross proceeds to Electra of $398m.
Approval must now be sought from the relevant works council in France and several other regulatory bodies.
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Lloyds, Halifax and Bank of Scotland to shut another 45 branchesLloyds Banking Group, which includes Halifax and Bank of Scotland, is set to close a further 45 branches in 2024 - find out if a branch near you is closing.
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US stock trading app Robinhood launches in the UK
The low-cost trading platform has opened another waiting list for British investors - following two failed attempts to launch in this country - and is hoping to be fully operational next year.
