IQGeo Group PLC (GB:IQG) has released an update.
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IQGeo Group PLC is set to be acquired by Geologist Bidco Limited, a company owned by KKR funds, through a court-sanctioned scheme of arrangement. The acquisition news follows a non-binding letter of intent from Charles Stanley & Co Ltd to support the takeover, which has seen recent share sale transactions affecting the initial intent. The acquisition represents a significant change in ownership, with approximately 55.18% of IQGeo’s shares involved in the deal.
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