Article #25344

The Guardian - World News

The Guardian - World News

Title Lab testing group Intertek to back £10.6bn takeover by Swedish firm EQT Source The Guardian - World News
Description

FTSE 100 business ‘minded to recommend’ £60-a-share tilt from company owned by billionaire Wallenberg family

The laboratory testing company Intertek has become the latest FTSE 100 business to agree to a takeover, backing a £10.6bn approach from a private equity firm owned by Sweden’s billionaire Wallenberg family.

After rebuffing three previous approaches, Intertek’s board said it was “minded to recommend” the £60-a-share tilt from the Swedish buyout firm EQT to shareholders, if there is a firm offer.

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Link https://www.theguardian.com/business/2026/may/13/lab-testing-group-intertek-to-back-takeover-by-swedish-firm-eqt Published At 2026-05-13 07:29:11 (2 months ago)
Created At 2026-05-13 07:50:19 Updated At 2026-05-13 08:22:16