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Evening Standard

Business

Holly Williams

Intertek set to accept higher £9.4bn approach from Swedish bidder

Shares in Intertek rose on Tuesday (Alamy/PA) -

Laboratory testing company Intertek looks set to be the latest British firm to fall into foreign hands after it backed a higher takeover approach from Swedish suitor EQT worth £9.4 billion.

London-listed Intertek said it would be “minded to recommend” the £60-a-share tilt from Swedish private equity company EQT to shareholders, or £61.08 including a final dividend, should a firm offer be made.

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