Sale to trigger boardroom bonanza

TOP bosses at Inmarsat and George Osborne’s best man stand to make millions of pounds from the satellite technology firm’s takeover.

Chairman Andrew Sukawaty, 63, owns nearly 1.2m shares and could scoop £6.5m under the offer from a consortium of private equity companies. Led by London-based Apax and New York-based Warburg Pincus, the consortium is currently offering about £5.50 per share.

This means that chief executive Rupert Pearce, 55, could also make £5.4m from his holding of nearly 1m shares. Lansdowne Partners, the Mayfair hedge fund run by former chancellor Osborne’s close friend Peter Davies, would be another winner. It is Inmarsat’s biggest shareholder, with 11.5pc of the stock, and stands to reap £290m from nearly 53m shares.