Apr 01, 2021 / 07:30AM GMT
Operator
Hello, and welcome to the Quilter plc Conference Call. (Operator Instructions) And just to remind you, this conference call is being recorded.
Today, I'm pleased to present Paul Feeney. Please begin your meeting.
Paul William Feeney - Quilter plc - CEO & Director
Good morning all. Many thanks for joining us at short notice today. At our full year results, we promised that we would get back to you on the strategic review of our International business. And as this morning's announcement makes clear, we've now concluded that process.
So let me give you the high-level context, Mark will then walk you through the financial implications and expected time line to completion, and then I'll talk to what it means for our strategy. We'll then take questions.
Right, let's dive in. Starting with Slide 3. I'm delighted to announce that we have agreed terms to sell our International business to Utmost for approximately GBP 483 million in cash. It was the best bid which emerged from a competitive process involving a number of bidders. And the
Quilter PLC Is Acquired By Utmost Group Ltd - M&A Call Transcript
Apr 01, 2021
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