2nd Jun 2015 11:03
LONDON (Alliance News) - Caledonia Investments PLC is close to buying a "controlling" stake in Seven Investment Management, Sky News reported on Tuesday.
The report, which cited people familiar with the talks, said that an agreement would see Caledonia buy stakes held in Seven by Zurich Insurance and Aegon.
One source told Sky News that the takeover is expected to value Seven at about GBP100 million.
http://news.sky.com/story/1494856/caledonia-eyes-takeover-of-wealth-firm-seven
By Samuel Agini; [email protected]; @samuelagini
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