blogged Monday about a curious
report in the Sunday Times that identified the UK’s Link ATM network as the frontrunner to buy Lloyds TSB Registrars, the share registration arm of the UK bank.
Lloyds TSB Registrars acts as registrar for more than 800 companies, including 60% of FTSE 100 companies. The business is valued at about £600 million.
I found the idea that the UK’s leading cash machine network was in for the business a little perplexing – and with good reason. It seems that somebody at the Sunday Times got a bit over-excited with their scoop and jumped to the wrong conclusions. The missing
Link in question was not the UK ATM network operator, but is in fact Link Market Services, an Australian company backed by Pacific Equity Partners.
summarises the FT report that broke the story today.