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Inter-Alliance will struggle to find another buyer – Pannell

A leading IFA analyst believes news that IFAs Berkeley Berry Birch and Inter-Alliance have called off a deal to merge will see Inter struggle to find another buyer.

Durlacher analyst David Pannell says: “Given the amount of time the deal has taken to negotiate I&#39m not surprised. It could be due to insufficient cash to fund the deal or it could be something uncovered in the due diligence.

He says: “BBB still has the same strategy issues it had before it started talking to Inter-Alliance – namely how to grow profits. I would suspect that Inter has severe cash problems and having now been jilted at the altar will struggle to find another partner.”

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