Waystone’s acquisition of Link Funds delayed

According to an ASX announcement issued by Link Group on 30 March 2023, the discussions regarding the possible sale of Link Funds Solutions to Waystone Group are ongoing.

Instead of the previously announced end of March 2023, Link Group is now targeting April 2023 to reach an agreement.

In February, Waystone Group confirmed exclusive negotiations with Link Group on acquiring the company’s fund admins business, Link Funds Solutions (LFS).

The Link Group statement cited diligence as a reason for the delay, adding that negotiations took longer than initially estimated. However, it also said that until a binding agreement is reached, there can be no certainty about a definitive arrangement with either Waystone or the FCA.