Allfunds drops after report it abandons talks on potential sale

Allfunds

24/04/2024 09:55

** Shares in Allfunds  ALLFG.AS  drop around 10% to
three-month lows after a report that the British fund manager
abandoned talks over a potential sale
    ** Bloomberg News reported on Tuesday, citing people with
knowledge of the matter, that Allfunds received several
interests for a deal, but decided not to proceed with the sale
    ** Allfunds declined to comment on the report, when
contacted by Reuters
        ** If losses hold, the stock will see its worst day
since early January 2023; it is one of the worst performers on
pan-European STOXX 600  .STOXX  index
  

 (Reporting by Lina Golovnya)
 ((Lina.Golovnya@thomsonreuters.com;))