US PE firm CC Capital not planning to bid for IWG
International Workplace Group
160.30p
16:40 03/01/25
-0.43%
-0.70p
US private equity firm CC Capital said on Tuesday that it does not plan to make an offer for London-listed workspace provider IWG.
FTSE 250
20,591.40
17:00 03/01/25
n/a
n/a
FTSE 350
4,534.15
16:54 03/01/25
n/a
n/a
FTSE All-Share
4,490.88
17:14 03/01/25
n/a
n/a
CC Capital was responding to press speculation, after Sky news reported on Monday that IWG had held talks with the private equity firm in the last month over a possible £4bn takeover.
At 1015 BST, the shares were down 0.1% at 300p, having surged to as high as 325.70p earlier.