Hargreaves Lansdown (HL.L) announced that discussions with the Consortium regarding a potential offer are still in progress. The Board of Hargreaves Lansdown has requested, and received, approval from the Panel on Takeovers and Mergers for a brief extension of the PUSU (Put Up or Shut Up) deadline. The Consortium must now declare its firm intention to make an offer for Hargreaves Lansdown by 5:00 p.m. on August 9, 2024.
The Consortium includes CVC Advisers, Nordic Capital XI Delta SCSP, and Platinum Ivy B 2018 RSC, a subsidiary of the Abu Dhabi Investment Authority managed by ADIA's Private Equities investment department.
