IFG sells British business for £3.5m

Dublin-based IFG Group is to sell its UK traditional IFA business to Ascot Lloyd, where it will be merged with their existing IFA business.

12th March, 2014
IFG has a strategy to exit non-core business, it said.

Dublin-based IFG Group is to sell its UK traditional IFA business to Ascot Lloyd, where it will be merged with their existing IFA business.

The business, IFG Financial Services, comprises of IFG Financial Services Limited, John Siddalls Limited and Berkeley Jacobs Limited. IFG said that the disposal was in line with its strategy to exit non-core businesses.

The initial sale consideration STG£3.5 million will be paid on the completion of the deal and up to...

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