10th Dec 2020 17:32
(Alliance News) - Quilter PLC on Thursday confirmed that it is started a strategic review of Quilter International to evaluate its role in delivering the FTSE 250 wealth manager's growth ambitions, following media reports.
The review is at an early stage, and its options range from a decision to retain the business to its disposal.
"The board of Quilter has not yet decided on any particular option and as such there can be no certainty that any potential transaction will be concluded," the group stated.
Shares in Quilter closed 1.4% lower at 150.95 pence on Thursday in London, while its Johannesburg shares were down 2.7% at ZAR30.03.
By Dayo Laniyan; [email protected]
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