L&G acquires Cofunds in £131m deal
Legal & General has agreed to acquire the 75% share capital of Cofunds which it does not already own, for a cash consideration of £131m.
This means it has bought out shares from groups including Threadneedle and Jupiter. The ownership of the platform was broken down into: Legal & General 25%; IFDS 24%; Threadneedle 20%; Newhouse Capital...
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