River & Mercantile Group PLC - London-based advisory and asset management company - Receives change in control approval from the UK Financial Conduct Authority for takeover by AssetCo PLC.
Company now intends to proceed with GBP190 million shareholder return via B share scheme. "Now we have secured the green light from the FCA we can look forward to the next stage of our journey as an integrated part of AssetCo, with a strong balance sheet that we will invest in people, technology and making the business a compelling place to work," says Chief Executive Alex Hoctor-Duncan.
Current stock price: 266.45 pence
12-month change: up 25%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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