As Hendersons currently appears to be the market favourite to buy Gartmore, word has it that New Sta...
As Hendersons currently appears to be the market favourite to buy Gartmore, word has it that New Star is no longer in the running. While New Star has been rumoured to be interested in buying the group’s retail funds business, it appears Gartmore’s current parent Nationwide is keen to sell the UK business as a whole. It had been mooted that New Star was involved in a consortium of sorts, looking to buy Gartmore alongside two others and splitting it into three separate bits, retail, institutional and hedge funds. The price tag on the business still looks to be in the £600m range, a price wh...
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