UK wealth manager 7IM has moved out of its offices in the heart of the City of London into smaller premises nearby, amid rumours of takeover plans.
The company has left its London headquarters at 55 Bishopsgate and relocated to 1 Angel Court, which is 25% smaller than its former home, according to a report by Financial News. This comes amid speculation that its owner, FTSE 250-listed investment trust Caledonia Investments, is looking for a buyer for the business. Last month, Reuters reported that Caledonia gave prospective buyers until the end of July to put forward indicative offers for the firm. Caledonia to put boutique asset manager 7IM up for sale this year - reports Names in the mix have included US investment bank Ev...
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