'That’s a bid that is going to come with a lot of wealth behind it.' LFC
But it was stated at the same time that the Middle East group face competition from a ‘coalition of German investors’ plus an ‘unnamed American consortium’.
“It’s still early days in this takeover process, but I’ve been told that one of the parties that are leading the interest is a joint consortium of Saudi and Qatar investors,” Lynch said on“It would have been unthinkable a couple of years ago given the diplomatic relations between those countries, but things have thawed considerably in the last couple of years.
“The opening bid they’re hoping to lodge to FSG is around £3.2bn, and that’s a bid that is going to come with a lot of wealth behind it.
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