The way has been opened for financial services firm IFG to make UK acquisitions following the approval by shareholders at an e.g.m.

yesterday of plans to raise £20 million sterling in seven-year notes, which have equity warrants attached. It is understood the entire £20 million was provided by a single British institutional investor, Prudential M&G. The notes have warrants attached which allow the holders to acquire 4.35 million IFG shares at €3.75 each - equivalent to just under 7 per cent of the current share capital.