2nd May 2018 17:19
LONDON (Alliance News) - Investment management software developer Fidessa Group PLC said on Wednesday that HSBC Holdings PLC bought a 5% stake in the company.
HSBC bought a total of 38.8 million shares in Fidessa in a transaction which was completed on Tuesday.
Last week, FTSE 250-listed Fidessa accepted an offer of GBP38.703 in cash for each of its 40.1 million shares by ION Capital UK Ltd.
Shares in Fidessa Group closed down 0.2% at 3,925.00 pence.