Banco Santander has reached an agreement to sell its holding in Allfunds Bank to two buyers as it buys back a 50% stake in its own asset management arm.
After announcing plans last year to buy back a 50% stake in its asset managemet business from two US buyout funds, Banco Santander has also agreed to sell its entire holding in its B2B platform Allfunds...
Months of negotiations
PARTNER INSIGHT: Ian Lance and Nick Purves, managers of the TM RWC UK Equity Income Fund, analyse the tug of war between value and growth that is being observed in markets today and why the future for value investing looks bright.
PARTNER INSIGHT: Ian Lance and Nick Purves, portfolio manager of the TM RWC UK Equity Income Fund, discuss the opportunity shift from growth to value after ten years of underperformance.
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Increased by ten percentage points