November 30, 2016 / 7:40 AM / a year ago

BRIEF-Sanne Group agrees to buy IFS Group for about $127.3 mln

Nov 30 (Reuters) - Sanne Group Plc :

* Has entered into agreement to acquire International Financial Services Limited and IFS Trustees for consideration of about $127.3 mln

* Consideration be satisfied through payment of about $91.1 mln in cash, which will be financed through net proceeds of capital raising

* Deal is expected to complete in Q1 2017 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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