6th Apr 2016 13:50
LONDON (Alliance News) - Intermediate Capital Group PLC, the FTSE 250 money manager, has tabled an offer to buy a "sizeable stake" in privately owned Argus Media, the energy and commodities data provider, Sky News reported on Wednesday.
The other bidders for Argus are a joint proposal from private equity firm Charterhouse and the Canada Pension Plan; buyout firm Hellman & Friedman; and either General Atlantic or Permira, the report said.
Citing an insider, the Sky News report said that Temasek Holdings, Singapore's state investment fund, and the Rothschild Group are no longer involved in the bidding process.
https://t.co/WdQkzweP37
ICG, which invests in private debt, credit and equity, was not immediately available to respond to the report.
Shares in ICG were up 1.1% at 609.00 pence on Wednesday afternoon.
By Samuel Agini; [email protected]; @samuelagini
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