US PE firm CC Capital not planning to bid for IWG
IWG
182.90p
16:40 18/04/24
0.83%
1.50p
US private equity firm CC Capital said on Tuesday that it does not plan to make an offer for London-listed workspace provider IWG.
FTSE 250
19,450.67
17:14 18/04/24
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n/a
FTSE 350
4,334.00
17:14 18/04/24
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FTSE All-Share
4,290.02
16:54 18/04/24
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CC Capital was responding to press speculation, after Sky news reported on Monday that IWG had held talks with the private equity firm in the last month over a possible £4bn takeover.
At 1015 BST, the shares were down 0.1% at 300p, having surged to as high as 325.70p earlier.