1st Oct 2019 10:15
(Alliance News) - Liontrust Asset Management PLC said Tuesday it acquired Neptune Investment Management Ltd for up to GBP40 million.
Liontrust completed the Neptune acquisition on Tuesday, adding a further GBP2.74 billion of assets under management to its total. In late June, Liontrust reported total net assets under management of GBP14.05 billion.
No further financial details were provided for the acquisition or for the performance of Neptune.
Shares in Liontrust were 0.8% lower at 768.00 pence in London on Tuesday.
By Ahren Lester; [email protected]
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