FTSE 250 movers : Network International boosted by Brookfield offer; Centamin slips

FTSE 250: 19,218.22, +82.35 (0.43%)

Payments firm Network International on Friday confirmed it had received a “highly preliminary” rival 400p a share cash offer from Canada's Brookfield Asset Management.

The latest bid trumps a non-binding takeover proposal from a consortium of CVC and Francisco Partners about a cash offer of 387p a share which Network said it was minded to accept if a firm bid was made.

“The board of Network is currently evaluating the Brookfield Proposal with its financial advisers and a further statement will be made in due course. There can be no certainty that an offer will be made by Brookfield, nor as to the terms on which any offer might be made,” the company said on Friday.

Miners were on the slide as copper prices fell with Centamin sliding into the red.