iimia to merge with MiltonOptimal

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IIMIA Investment Group has announced plans to merge with multi-asset manager MitonOptimal Group - a move allowing it to benefit from developments in the UK pension fund market.

The deal – worth £18.6m – will see iimia purchase 95pc of MitonOptimal through the issue of 6,622,851 new ordinary shares and £1.9m in cash, while the firm’s name will be changed to iimia MitonOpti...

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