Liontrust Asset Management is currently “in discussions” with GAM over a potential acquisition.
Following press speculation today (18 April), Liontrust released a regulatory filing confirming it is in contact with the Swiss asset manager over the proposed acquisition of its entire share capital. Liontrust's intention would be to combine GAM's investment management business with its own, the company added. GAM attempts to find buyer as results deadline looms - reports "Liontrust confirms it has made an approach to the board of GAM," it said. "There can be no certainty that this will lead to a formal offer in respect of the proposed acquisition, nor as to the timing or terms...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes