IQGeo Group PLC (GB:IQG) has released an update.
IQGeo Group PLC has announced a recommended cash acquisition by Geologist Bidco Limited, owned by KKR funds, which is proceeding via a scheme of arrangement. Charles Stanley & Co Ltd has altered its support, now committing a reduced 7.62% stake, following a series of share sales. This change affects the overall backing for the acquisition, now standing at approximately 55.90% of IQGeo’s issued ordinary share capital.
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