Reuters logo
BRIEF-Private equity group bidding for Shawbrook gets EU competition clearance
June 2, 2017 / 6:10 AM / 4 months ago

BRIEF-Private equity group bidding for Shawbrook gets EU competition clearance

LONDON, June 2 (Reuters) - Shawbrook Group Plc

* Offer update - competition clearance

* Marlin Bidco is pleased to announce that on 1 June 2017 it received notice from European Eommission that under EU merger regulation it has cleared offer

* Completion of offer remains subject to other outstanding conditions as set out in offer document, including regulatory approvals from PRA

* Offer remains open for acceptance until 1.00 pm on 2 June 2017, which is next closing date.

* Marlin Bidco received valid acceptances in respect of total of 16.24 million Shawbrook shares, representing approximately 6.5 percent, it said on May 26 Source text for Eikon: Further company coverage: (Reporting By Anjuli Davies)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below