Deals
Allfunds Abandons Discussions About Potential Sale
- Funds platform received multiple expressions of interest
- Offers didn’t fully reflect growth prospects, sources say
The building containing the offices of Allfund Group Plc in London, UK.
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
Allfunds Group Plc has abandoned discussions over a potential sale of the European fund distribution platform, people with knowledge of the matter said.
Amsterdam-listed Allfunds received multiple expressions of interest about a deal but its board decided not to proceed with a sale, according to the people, who asked not to be identified discussing confidential information.