LNK: Link Group sale of Fund Solutions and settlement with FCA
LINK ADMINISTRATION HOLDINGS LIMITED
- Link Group and LFSL have agreed to sell the Fund Solutions business (excluding Luxembourg and Swiss entities and Woodford-related liabilities) to Waystone Group with a £110-140 million consideration value.
- Link Group has reached a conditional agreement with the FCA to settle its investigation into LFSL's role as the authorized corporate director of the LF Woodford Equity Income Fund.
- The sale is targeted to complete by October 2023, and Link Group reaffirms its FY23 guidance of Operating EBIT to be up 10-12% on FY22.
2023-04-20 08:15:00