Saunderson House owner IFG has decided against selling the wealth management business, after receiving a number of takeover offers earlier this year.
The board of IFG Group, the financial services business which has owned Saunderson House since 2001, has concluded the offers received were not "wholly aligned with the strategy of Saunderson House" and would "present significant execution risks" that would "likely create lower shareholder value" than retaining the business. IFG announced on 2 February it was considering whether a sale of the business could create greater value for shareholders after receiving a number of "unsolicited approaches". M&A, millennials and robo-advice: 11 trends to watch in UK wealth management Since th...
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