On Tuesday, Investec announced a R19-billion deal which will see it become the largest shareholder in the UK's biggest discretionary wealth manager.
The JSE-listed group is selling Investec Wealth and Investment in the UK to Rathbones, currently Britain's fourth-largest discretionary wealth manager. In exchange, Investec will hold a stake of 41.25%. The merger of the two businesses will catapult Rathbones into the top position, creating a firm with approximately £100 billion in funds under management and administration.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
_Business OK