European Wealth to buy £120m of Towry assets

For a total of £1m

Anna Fedorova
clock
European Wealth to buy £120m of Towry assets

Wealth manager European Wealth is set to acquire a book of business worth £120m from Towry Asset Management.

The wealth manager plans to buy assets worth £120m, as at 31 March 2016, from Towry for a maximum consideration of £1m. On top of this amount, the group has agreed to pay Towry an extra £200,000 as...

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