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Prime Opportunities drops pursuit of Britain's IWG

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Prime Opportunities drops pursuit of Britain's IWG

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(Reuters) - Prime Opportunities Investment, one of the four groups in the running to take over IWG Plc <IWG.L>, does not intend to make an offer for the London-listed serviced office provider, the investment firm said on Monday.

IWG gave its three other suitors - TDR Capital, Terra Firma and Starwood Capital - more time to make firm offers or walk away from bids for the company on Saturday.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Amrutha Gayathri)

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