Telecoms group acquisition worth £504m links Liverpool and Hull

Royal Liver Building
A Liverpool-based pension scheme is behind a £504m takeover deal involving Hull-based internet provider KCOM. Humber Bidco Limited has agreed a deal to acquire KCOM in a recommended cash offer. Humber Bidco is a wholly-owned indirect subsidiary of USSL. USSL, or the Universities Superannuation Scheme Limited, is based in Liverpool's Royal Liver Building, and is a pension scheme with £64bn of assets under management as at March 31, 2018. Its members include academic and academic-related staff in many UK universities, main... For the full story register now for free or login below...