Tetragon jumps after report it is in talks over possible Equitix sale

Tetragon Financial

14/10/2024 13:45

** Shares in Tetragon Financial Group Ltd  TFG.AS  jump as
much as 20.2% after Reuters reported on Friday the investment
group is looking at options for Equitix, including a possible
sale
        ** Tetragon said on Monday TFG Asset Management will
continue to include engaging with strategic partners and
financial advisors with respect to Equitix to explore options
  
    ** "Equitix has long been TFG's 'jewel in the crown' given
its strong track record of assets under management and revenue
growth," says Jefferies
    ** "We also note this £1.5bn valuation looks achievable
given it would equate to less than 20x EBITDA" - Jefferies
        ** Stock up 13% by 1236 GMT to its highest since Feb.
2020; it will see its best day since April 2020 if gains persist
  

 (Reporting by Dimitri  Rhodes)
 ((Dimitri.Rhodes@thomsonreuters.com;))