UPDATE: Cinven pulls out of £1.5bn takeover battle for Sanne

UPDATE: Cinven pulls out of £1.5bn takeover battle for Sanne

Private equity firm Cinven has bowed out of the potential bidding war to buy FTSE 250 asset manager Sanne Group. London-based Cinven made a series of takeover offers for Sanne earlier this year, sweetening its final offer to 875p per share, valuing the firm at around...