Eureko, the pan-European insurance and asset management business, has acquired the remaining 10% shareholding of F&C Group for EURO62.4m (£37.6m) from Foreign & Colonial Investment Trust.
This follows Eureko’s acquisition of a 90% share holding in F&C from HypoVereinsbank in December last year. That transaction was completed on March 20, 2001.
Joao Talone, Eureko’s chief executive, said: “We have a stated intention to build the first truly pan-European asset management operation and last year’s acquisition of the majority of F&C was part of our plan to achieve that objective.“
Chairman of Foreign & Colonial Investment Trust, John Sclater, said that the trust has been progressively reducing its shareholding in F&C over the last eleven years.
By Janet Du Chenne
Here they are - the finalists for the Women in Pensions Awards 2019...
The Local Authority Pension Fund Forum (LAPFF) has shown support for Amazon's shareholder resolutions, advising its members vote for 11 of 12 shareholder proposals.
Pensions and risk consultancy Hymans Robertson has appointed two equity partners and five partners from across the firm.