Liontrust share price rises following 'surprise' Majedie Asset Management purchase

Increases Liontrust's AUM to £42.3bn

Lauren Mason
clock • 3 min read
Majedie Asset Management's Rob Harris
Image:

Majedie Asset Management's Rob Harris

Liontrust has agreed to purchase Majedie Asset Management in a deal worth up to £120m, with Majedie’s CEO Rob Harris set to join the firm as head of global institutional business.

The acquisition - which will be for an initial consideration of £80m including regulatory capital, plus up to £40m for excess NAV - will boost Liontrust's assets under management by £5.8bn to more than...

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