By Elena Vardon
Augmentum Fintech PLC on Monday said NatWest Group PLC agreed to buy a majority share in Cushon, a company in its investment portfolio, for 22.8 million pounds ($27.5 million).
The U.K. venture-capital investor expects the transaction for the stake in the workplace savings and net zero pension provider to be completed within the next 12 months.
The deal represents a 46% uplift on the group's 2022 holding value of GBP15.6 million, Augmentum said.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
02-13-23 1005ET