26th Mar 2014 14:16
LONDON (Alliance News) - UK Commercial Property Trust Ltd, which is externally managed by Ignis Investment Services, said Wednesday it will monitor Phoenix Group Holdings PLC's GBP390 million sale of Ignis Asset Management to Standard Life PLC.
Ignis Investment Services has been UK Commercial Property Trust's external investment manager since its inception in 2006.
UK Commercial Property Trust said it will update shareholders "as appropriate."
The acquisition by Standard Life is expected to complete in the second quarter of 2014.
The trust's shares were Wednesday quoted at 79.47 pence, up 0.3%.
By Samuel Agini; [email protected]; @samuelagini
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