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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Lab testing group Intertek to back £10.6bn takeover by Swedish firm EQT

Intertek EQT London Stock Exchange United States
A mobile phone with the website of the British testing company Intertek Group on the screen in front of the logo of the business.
Intertek listed on the London Stock Exchange in 2002 and jointed the FTSE 100 index in 2009. Photograph: Timon Schneider/Alamy

The laboratory testing company Intertek has become the latest FTSE 100 business to agree to a takeover, backing a £10.6bn approach from a private equity firm owned by Sweden’s billionaire Wallenberg family.

After rebuffing three previous approaches, Intertek’s board said it was “minded to recommend” the £60-a-share tilt from the Swedish buyout firm EQT to shareholders, if there was a firm offer.

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