IPF expects BasePoint takeover to clear Polish regulatory hurdle soon
International Personal Finance PLC on Thursday said the regulatory clearance process for its agreed acquisition by BasePoint Capital LLC has just one approval outstanding.
The Leeds, England-based lender announced its agreement to the £543 million all-cash takeover by BasePoint back in December, following other approaches from BasePoint earlier in 2025.
On Thursday, IPF and IPF Parent Holdings Ltd, BasePoint’s takeover vehicle, said the necessary regulatory conditions in Hungary, Lithuania, Estonia and Romania have been satisfied, as have the antitrust conditions in Poland and Mexico and the foreign direct investment condition in Romania.
They said the financial regulatory clearance in Poland remains outstanding. They currently anticipate that this condition to be satisfied before the takeover scheme’s sanction hearing, which they now expect to take place in late July.
Shares in International Personal Finance were down 0.2% at 247.50 pence on Thursday morning in London.
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