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Link pulls out of deal for Pepper's Irish business


Link Group, an Australian-listed firm, has pulled out of a €200m deal to buy Pepper European Services (PES), which included Pepper Ireland.
In a statement on Monday to the Australia Securities Exchange, Link said completion of the deal was subject to regulatory approvals and commercial conditions, and the final date for these to be met under the Share Purchase Agreement (SPA) was 30 January 2021.
“As the long stop date has passed without a transaction being completed, Link Group has exercised its right to terminate the SPA and not to proceed with the acquisition,” the company said.
Last year Link agreed to acquire Pepper European Services in a deal worth €200m. This included the acquisition of Pepper Ireland, which has around 500 employees across Shannon and Dublin. ....

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