Hogg Robinson gets major shareholder support for asset sale to Visa
Source - SMW
Hogg Robinson Group said it had received more shareholder support for the proposed £141.8m sale of its Fraedom payments business to Visa.
The company said it had received an irrevocable undertaking from Teleios Capital Partners to vote in favour of the deal in relation to its 13.24% holding in Hogg Robinson shares.
The fresh support means the company now had the blessing of shareholders accounting for 60.19% of its shares.
Hogg Robinson is also the subject of a separate takeover bid by American Express Global Business Travel.
At 2:12pm: (LON:HRG) Hogg Robinson Group PLC share price was 0p at 116.75p