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FitzWalter ends takeover pursuit for Auction Technology Group

Feb 2 (Reuters) - FitzWalter Capital on Monday said it would not make a new takeover bid for British online auction operator Auction Technology Group  ATG.L, after the company rejected a 491 million pounds ($671.20 million) proposal from its biggest shareholder.

The London-based investment firm had made 12 approaches for Auction Technology since talks began last September.

($1 = 0.7315 pounds)

(Reporting by Raechel Thankam Job in Bengaluru)

((RaechelThankam.Job@thomsonreuters.com; ))

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