Australia's Link Administration Holdings (Link Group) said on Monday that it is in advanced discussions to settle a probe into its UK-based Link Fund Solutions (LFS) unit and to sell the firm to Dublin-based Waystone Group.
Signage for the FCA , the Britain's financial regulatory body, is seen at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville/File Photo - RC2OZS981JL3said on Monday that it is in advanced discussions to settle a probe into its UK-based Link Fund Solutions unit and to sell the firm to Dublin-based Waystone Group.
However, Link said that even if both sets of discussions were concluded, it would receive no net proceeds from the sale and warned of a near A$449 million non-cash impairment charge for the half year ended Dec. 31 2022 in relation to the troubled unit.
The Australian share registry firm and the FCA said on Monday they were in advanced confidential talks aimed at settling the investigation into the management of the now-defunct LF Woodford Equity Income Fund.
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