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Completion of Acquisition
Date: 10-03-2010
Source: IFG
| Company name IFG Group PLC Headline Acquisition of James Hay Holdings Limited RNS Number : 3534I IFG Group PLC 10 March 2010 IFG Group plc 10 March 2010 IFG Group plc (’IFG’ or ’the Company’) Acquisition of James Hay Holdings Limited IFG is pleased to announce it has to-day completed the acquisition of the entire issued share capital of James Hay Holdings Limited and its subsidiary undertakings (’James Hay’) from Santander Private Banking UK Limited for a cash consideration of £35 million (€38.635 million) plus an additional adjustable payment for net assets of £3.9 million (€4.305 million). Mark Bourke, Chief Executive of IFG, said: "IFG already has a significant presence in the self-administered pensions market through its subsidiary, The IPS Partnership plc. The acquisition of James Hay, with approximately 32,000 SIPPs (Self Invested Personal Pensions) under administration, makes IFG the largest provider in the UK. Our strategic ambition is to be the best and biggest in the sector". ______________________________________________________________ Enquiries: IFG Group plc Mark Bourke, Chief Executive Tel: +353 (1) 275 2800 Mark Bogard, Chief Executive, IFG UK Tel: +44 7881 911 297 Niamh Hore, Investor Relations Manager Tel: +353 (1) 275 2866 IFG Group plc IFG House Booterstown Hall Booterstown Co Dublin |
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© IFG Group plc 2009
Registered in the Republic of Ireland No. 21010
Registered Office: IFG House, Booterstown Hall, Booterstown, Co. Dublin
Tel: + 353 (0)1 2752800 | Fax: + 353 (0)1 2752801
Email: group@ifg.ie
Registered in the Republic of Ireland No. 21010
Registered Office: IFG House, Booterstown Hall, Booterstown, Co. Dublin
Tel: + 353 (0)1 2752800 | Fax: + 353 (0)1 2752801
Email: group@ifg.ie