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LONDON - Hargreaves (LON:HRGV) Lansdown plc (HL), a UK-based financial service company, has officially been delisted from the London Stock Exchange (LON:LSEG) as of today, following the completion of its acquisition by Harp Bidco Limited. The Financial Conduct Authority (FCA) has cancelled HL’s listing on the Official List, and the London Stock Exchange has terminated trading of HL shares on its main market for listed securities, effective from 8:00 a.m. Tuesday.
This delisting is the culmination of the acquisition process by Bidco, a company indirectly owned by entities including CVC Private Equity Funds, Nordic Capital XI Delta, and Platinum Ivy B 2018 RSC Limited. The acquisition scheme was first announced on September 6, 2024, and became effective as of Monday, based on the joint announcement by HL and Bidco.
The Scheme Document, published in September last year, contains full details of the acquisition. With the delisting, Hargreaves Lansdown shares are no longer available for trading on the public market, marking a significant transition for the company as it moves into private ownership.
The acquisition by Bidco represents a change in the financial landscape for Hargreaves Lansdown, which has been a prominent player in the UK financial services sector. The completion of this transaction signifies the end of HL’s status as a publicly-traded company.
The information provided in this article is based on a press release statement.
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