Deal will create second-biggest retail asset management group in Britain, managing £65bn
The investment manager Jupiter is to pay £370m to buy Merian Global Investors in a deal that will create the second-largest retail asset management group in the UK.
The enlarged group will have £65bn under management, but some analysts said they regarded the deal as an essentially defensive merger of two struggling businesses.
Continue reading...from Mergers and acquisitions | The Guardian https://ift.tt/2V29or1
No comments:
Post a Comment