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Alfa Financial Software Holdings PLC’s largest shareholder on Wednesday lent its backing to EQT AB, which is mulling a bid for the software developer focused on the asset finance industry. Swedish private equity firm EQT on Wednesday said it entered into an irrevocable undertaking with CHP Software & Consulting Ltd, which is controlled by Alfa Financial Founder and Chair Andrew Page. CHP holds just shy of a 60% stake in Alfa Financial. EQT, while yet to make a firm offer for Alfa Financial, has proposed acquiring the company at 208 pence per share. It would value the firm at around £614.4 million. Alfa Financial shares rose 4.6% to 197.20 pence each in London on Wednesday morning. EQT is required to disclose by July 7 if it intends to buy or not to buy the company. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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