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Alfa Financial Software receives premium takeover offer from EQT

9th Jun 2023 16:54

(Alliance News) - Alfa Financial Software Holdings PLC on Friday confirmed that it has received a "number" of takeover offers from EQT, a Swedish private equity firm.

The London-based software developer said the proposals are "unsolicited" and "non-binding."

It said the latest offer is at a level of 208 pence per share. This represents a 19% premium to its closing price of 174.50p on Thursday, being the last business day before the announcement.

Alfa's shares closed down 0.5% at 173.69 pence each in London on Friday.

EQT are now required to either announce a firm intention to make an offer for Alfa, or say that it does not intend to make an offer, by July 7.

"There can be no certainty that a firm offer will be made for Alfa," the company added.

By Sophie Rose, Alliance News reporter

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