The directors at four top UK companies stand to pocket £45million when they are sold to private equity.
The moves have prompted fears of ‘pandemic plundering’, with analysts warning that UK businesses laid low by the coronavirus crisis are seen as cheap compared to global peers.
But despite the concerns, the boards of John Laing, St Modwen and UDG Healthcare have thrown their support behind the private equity offers and urged shareholders to take the cash.
Only asset manager Sanne Group rejected advances by Cinven Group, which is now considering its options.
However, should all four takeovers end up going ahead, directors at the companies stand to pocket a total of £45million between them, an audit by the Mail has found.
Read more/Source: This is Money
By MATT OLIVER
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