Augmentum Fintech (LSE:AUGM) has received a key green light from the FCA for its proposed transaction.
It announced the FCA decision after the boards of Frontier Bidco and Augmentum agreed terms for a recommended cash acquisition implemented by a Court-sanctioned scheme.
Augmentum and the BidCo said that, on 30 April, the FCA gave written notice that it had determined to approve, or be treated as having approved, unconditionally the acquisition of “control” for the purposes of Part XII of the Financial Services and Markets Act 2000 over AFML and Retail Book.
