10th Aug 2021 07:00
(Alliance News) - River & Mercantile Group PLC is planning the sale of its fiduciary division, known as Solutions, Sky News reported late on Monday.
The advisory and asset management company wants to partially disband to focus on quicker growth and profit, 'City sources' told Sky.
It is thought that the sale process has been underway for weeks.
River and Mercantile has appointed Fenchurch Advisory Partners LLP and Lazard & Co. Ltd to field bids, with an update to investors being issued as soon as Tuesday to confirm the prospective sale.
https://news.sky.com/story/fund-manager-river-and-mercantile-plots-sale-of-solutions-arm-12377514
By Josie O'Brien; [email protected]
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