Martin Gilbert's AssetCo doubles stake in River & Mercantile

David Brenchley
clock • 1 min read
Aberdeen Asset Management co-founder Martin Gilbert
Image:

Aberdeen Asset Management co-founder Martin Gilbert

AssetCo has doubled its stake in River & Mercantile (R&M), as it looks to pivot its business strategy to develop an asset and wealth management business.

The firm said it had purchased 2.5 million shares in R&M last Friday (5 February) at 228p, taking its total stake in the business to 5 million shares, representing 5.85% of its issues share capital...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Law and Regulation

Buzz: Should sole trustees face stricter regulation?

Buzz: Should sole trustees face stricter regulation?

This week's poll looks at sole trustees and the new prime minister

Professional Pensions
clock 15 August 2022 • 1 min read
Phoenix sees 'record' H1 results generating £950m

Phoenix sees 'record' H1 results generating £950m

New business cash generation more than doubled to £430m in the first half of 2022

Holly Roach
clock 15 August 2022 • 4 min read
Trustee Residential Senate: View the two-day programme

Trustee Residential Senate: View the two-day programme

PP’s flagship residential event will take place on 6-7 October at Ashdown Park Hotel

Professional Pensions
clock 15 August 2022 • 1 min read
Trustpilot