Intertek set to accept bid

FTSE 100 testing giant Intertek is poised to accept a sweetened £10.6 billion takeover offer from Swedish private equity firm EQT. The deal would be one of the largest acquisitions of a UK-listed company this year.

Intertek's board is reportedly leaning toward recommending the final offer after rejecting three previous bids.

The potential sale marks another major UK firm being taken private by international capital amid a wave of consolidation in the professional services sector.