Published: May 5, 2026 at 3:13 pm
EQT has increased its bid to almost £9 billion for Intertek Group plc.
Shares in the total quality assurance provider have jumped 7% today (writing at 3pm) to £51 after the Swedish private equity fund said it had submitted an offer for £58 per share in cash.
It follows the rejection of previous EQT proposals of £51.50 and £54 per share.
The latest bid represents a premium of 54% to the closing share price of £37.70 per share as at 9th April 2026 – the day before EQT submitted its initial proposal to FTSE 100 firm Intertek.
London-headquartered Intertek operates a network of more than 1,000 laboratories and offices in more than 100 countries.
The firm said today it would review the latest proposal.