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    RIV   GB00BLZH7X42

RIVE GROUPAR

(RIV)
Delayed London Stock Exchange  -  02:30 2022-06-14 am EDT
49.40 GBX   -.--%
07/06Rive Groupar : Mayan Uthayakumar named as co-manager of UK Dynamic Equity strategy
PU
06/15River and Mercantile Delists from London Bourse After Merger With AssetCo
MT
06/14River & Mercantile Closes Merger With AssetCo; Trading Suspended
MT
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FCA gives the go-ahead for Assetco ú98m River and Mercantile takeover

05/20/2022 | 01:21am EST

THE FCA yesterday gave the green light to the takeover of River and Mercantile by the investment vehicle headed by city veteran Martin Gilbert.

Assetco, led by Gilbert, agreed a deal to buy the investment management in January for £98.8m after a bidding war with rival investor Premier Miton.

Gilbert's Assetco announced its "firm intentions" to buy the firm after Premier withdrew, with the deal then receiving 100 per cent backing from shareholders.

River and Mercantile boss Alex Hoctor-Duncan said the firms were now looking ahead to growth this year.

"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," he said yesterday.

"We are going into the second half of 2022 as a streamlined, focused, nimble organisation that can react with speed, is not afraid to disrupt the status quo and is ready to take advantage of the opportunities that exist in the market today."

Gilbert told reporters in January River and Mercantile's "thoughtful asset management strategy" would offer "powerful growth opportunities as we move into more unsettled and uncertain markets".

(c) 2022 City A.M., source Newspaper

Stocks mentioned in the article
ChangeLast1st jan.
ASSETCO PLC 6.11% 63.35 Delayed Quote.-96.06%
PREMIER MITON GROUP PLC 2.08% 93.4 Delayed Quote.-53.08%
All news about RIVE GROUPAR
07/06Rive Groupar : Mayan Uthayakumar named as co-manager of UK Dynamic Equity strategy
PU
06/15River and Mercantile Delists from London Bourse After Merger With AssetCo
MT
06/14River & Mercantile Closes Merger With AssetCo; Trading Suspended
MT
06/14River and Mercantile Group PLC(LSE:RIV) dropped from ..
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06/14AssetCo plc completed the acquisition of the remaining 94.15% stake in River and Mercan..
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06/13AssetCo, River and Mercantile Secure Court Sanction For Merger Deal
MT
06/13AssetCo, River and Mercantile Secure Court Sanction For Merger Deal
MT
05/20FCA gives the go-ahead for Assetco ú98m River and Mercantile takeover
AQ
05/19AssetCo Secures British Regulatory Nod to Purchase River And Mercantile
MT
03/25River and Mercantile Group PLC Reports Earnings Results for the Half Year Ended Decembe..
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