Povlsen’s private holding company, Heartland A/S - a top investor in retailers (ASOS.L) and Zalando (ZALG.DE) - will buy 10 percent of the company up to a maximum of 1.65 billion pounds ($2.1 billion), Funding Circle said in a statement.
Funding Circle, a British peer-to-peer lending marketplace, on Monday said it will list its shares on the London Stock Exchange’s main market, with Danish billionaire Anders Povlsen pledging to buy at last 10 percent of the company. Povlsen’s private holding company, Heartland A/S - a top investor in retailers (ASOS.L) and Zalando (ZALG.DE) - will buy 10 percent of the company up to a maximum of 1.65 billion pounds ($2.1 billion), Funding Circle said in a statement. “Today’s announcement is the start of the next stage in our exciting and transformational journey,” Samir Desai, CEO and co-founder of Funding Circle, said in the statement.
