UK laboratory testing company Intertek has rejected the latest bid proposal from Swedish suitor EQT worth £8.9 billion. London-based Intertek said its board “unanimously and unequivocally rejected” the approach and continues to put faith in its strategic review launched last month, which included considering a potential break-up of the business into two separate divisions. Intertek said: “The board of Intertek has carefully reviewed the further revised proposal with its advisers and unanimously concluded that it significantly undervalues Intertek and its future prospects, and there is significant execution risk given its conditional nature.” It said it was looking to either sell or spin off its Intertek Energy and Infrastructure division from Intertek Testing and Assurance, but that it is “prioritising a sales-led process”. The firm added it has “already received an encouraging level of interest from potential buyers of Intertek Energy and Infrastructure”.…