Potential acquisition of Web Financial Group
Mar 23, 2022
In relation to the information published in the media today, Allfunds hereby confirms that it is negotiating the potential acquisition of the entire share capital of Web Financial Group under an exclusivity agreement. No binding agreement has yet been reached. Allfunds is in the process of completing its confirmatory due diligence and negotiating the final terms of the transaction, including the purchase price of approximately €150 million. Allfunds will keep the market informed of any material developments in relation to this process.