IQGeo Group PLC (GB:IQG) has released an update.
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IQGeo Group PLC is set to be acquired by Geologist Bidco Limited, a company owned by KKR funds, through a court-sanctioned scheme of arrangement. Since a May 14th announcement, Charles Stanley & Co Ltd has reduced its commitment to support the acquisition, now representing about 6.91% of IQGeo’s share capital. This change follows a series of share sales by Charles Stanley, leaving approximately 55.18% of IQGeo’s share capital still committed to the acquisition.
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