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...

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