Fiordland to profit from IFG sale

FIORDLAND, the biggest shareholder at financial services group IFG, will make a significant profit on its initial investment should a €231 million takeover prove successful.

IFG said that it has entered into exclusive talks with private equity firm Bregal Capital over a possible takeover of the company.

IFG said Bregal Capital had proposed making a cash offer of €1.80 per IFG share along with a dividend.