FCA approves AssetCo takeover of R&M

Comes after a 'firm intention' for the deal was confirmed in January

Lauren Mason
clock • 1 min read
R&M chief executive Alex Hoctor-Duncan
Image:

R&M chief executive Alex Hoctor-Duncan

The Financial Conduct Authority (FCA) has approved the change of control of River and Mercantile Group (R&M) to AssetCo, following the agreement of an all-share acquisition between the two firms at the start of the year.

The approval comes one month after the reverse takeover received 100% shareholder approval at AssetCo's annual general meeting, in what chair Martin Gilbert called a display of "overwhelming suppor...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Private markets expected to outperform over next five years

Private markets expected to outperform over next five years

More than half of institutional investors to increase allocation in next two years

Jasmine Urquhart
clock 05 February 2025 • 2 min read
Aviva Investors finds private markets to outperform over five years

Aviva Investors finds private markets to outperform over five years

More than half of institutional investors to increase allocation in next two years

Jasmine Urquhart
clock 05 February 2025 • 2 min read
Opportunities in investment-grade securitised credit

Opportunities in investment-grade securitised credit

Why securitised remains an underinvested asset class in the UK and how investor demand is increasing

Professional Pensions
clock 05 February 2025 • 21 min read
Trustpilot