The deadline for talks to conclude on a £5.4bn private equity bid to buy Hargreaves Lansdown (HL) has been extended to 5 August.
In a market update this morning, the online broker said it was in ongoing talks with the consortium, which includes private equity firm CVC and a subsidiary of the Abu Dhabi Investment Authority, and it had agreed to extend the bid period from its initial deadline of 19 July.
‘Discussions between Hargreaves Lansdown and the consortium, as well as the negotiation of definitive transaction documentation remain ongoing,’ the statement said.