UK's Kingswood Holdings falls as company considers potential HSQ buyout offer

Kingswood Holdings

12/03/2025 12:47

** Shares of Kingswood Holdings KWG.L fall 17.6% to 7p

** The wealth management and investment services provider says it is in advanced talks with HSQ Investments on a possible cash offer by HSQ for the remaining shares of Kingswood at 7p/share, a discount of 17.6% to stock's Tuesday closing price

** KWG says it would not be able to satisfy debt obligations in the absence of new external financial support

** Company says HSQ would be willing to provide required near-term funding only as sole institutional shareholder and by taking the company private

** Stock down ~32% YTD, including session's losses

 (Reporting by Aby Jose Koilparambil in Bengaluru)

 ((abyjose.koilparambil@thomsonreuters.com))