Link Administration Holdings Ltd Sale of The Fund Solutions Business And Settlement With The FCA Transcript
Thank you. Good morning, everyone. My name is Vivek Bhatia, CEO and Managing Director of Link Group. Thank you all for joining us on short notice. I'm joined today by Andrew MacLachlan, group CFO of Link Group.
Before we commence, I would like to acknowledge the Gadigal people of the Eora nation, traditional custodians of the land on which we present today and the traditional custodians of the land of the various places where we meet and pay my respects to the elders past, present and emerging. I extend that respect to all Aboriginal and Torres Strait Islander people on this call today.
Today's announcement is a significant milestone for Link Group. I am pleased to announce that this morning, Link Group and LFSL have reached conditional agreement for the sale of the Fund Solutions business, excluding its Luxembourg and Swiss entities and excluding Woodford rated liabilities on a debt and cash-free and normalized working capital adjustment basis to the Weston Group for an aggregate consideration value of between
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