October 16, 2019 / 9:01 PM / a month ago

IN BRIEF: Litigation funder IMF Bentham to buy EU peer Omni Bridgeway

Australian litigation finance company IMF Bentham Ltd on Tuesday announced its plans to acquire European rival Omni Bridgeway Holdings BV.

Andrew Saker, IMF Bentham’s Sydney-based chief executive officer and managing director, said in an interview with Reuters Tuesday the total acquisition price was 82.5 million euros ($91.3 million). He said the deal is expected to close in the next two weeks.

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