Société Générale Group has acquired a majority stake in US fund manager TCW Group for $880m ($613m) in a share swap deal.
Under the terms of the deal, SG will acquire a 51% stake in TCW. Between 2003 and 2006, SG will acquire a further 19% of TCW's capital in four equal annual instalments. The remaining 30% will be ow...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
