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Exclusive: Santander’s Ebury eyes £100m Lumon takeover
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NEWSDECK ANALYSIS
Ebury, a London-based financial services firm, is a key part of Santander's strategy to expand its presence in the foreign exchange market. A takeover of Lumon would mark a significant move for Ebury as it seeks to bolster its offerings and increase its scale ahead of a potential initial public offering. The foreign exchange sector has seen significant consolidation in recent years, driven by changing regulatory requirements and evolving customer needs.
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City AM
Exclusive: Santander’s Ebury eyes £100m Lumon takeover
Ebury is weighing a takeover of foreign exchange firm Lumon as it looks to ramp up its growth ahead of an initial public offering, City AM can reveal. London-based Ebury, which is majority-owned by Santander, is currently in talks with Pollen Street over a potential bid for Lumon that could value the company at north [...]
30 Jun, 04:00
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