Rockpool Acquisitions’ takeover talks hit funding snag

London - Rockpool Acquisitions Plc (LSE:ROCK) disclosed on Monday that its planned reverse takeover of European Lingerie Group AB (ELG) has encountered a setback due to the failure to secure necessary investor funding. The company explained in a press release that talks between ELG and a prospective investor came to an end when the proposed funding fell short of the investor's minimum requirements.

ELG had been seeking capital to refinance existing debt, tackle working capital issues, and cover expenses related to the acquisition from Rockpool. According to Rockpool's annual report for the year ending March 31, 2026, ELG was engaged in advanced discussions about the investment as of July 31. The funding was intended to facilitate ELG's payments to Rockpool and assist in preparations for market readmission following the transaction.

ELG has stated that it continues discussions with alternative funders and is exploring additional potential sources. The delays in the acquisition process may jeopardize Rockpool's ability to recover funds owed by ELG, which could negatively impact the company's medium-term financial health if the amounts are not recovered. Rockpool has announced that it will provide updates as necessary.