Liontrust to acquire Majedie Asset Management
Fund manager Liontrust has entered into a conditional sale and purchase agreement to acquire Majedie Asset Management Limited ("Majedie") for £120m.
Source: moneymarketing.co.uk
Stay updated with breaking news from John Ions. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Fund manager Liontrust has entered into a conditional sale and purchase agreement to acquire Majedie Asset Management Limited ("Majedie") for £120m.
Liontrust has reported profit before tax of £31.1m, a jump of 352% compared with £6.9m made in the equivalent period last year.
At the end of September Liontrust had experienced a 15% rise in assets under management and advice from the start of the year
Asset manager doubles interim dividend to 22p a share
Liontrust has appointed Rebecca Shelley to the board as a non-executive director, with effect from 1 November 2021.