Liontrust has entered into a conditional share purchase agreement with Neptune to buy the entire business for up to £40m, which will see the entire management team join Liontrust.
The acquisition will see Robin Geffen step down from his role as CEO of the business to focus solely on the management of the funds and lead the investment management team. Liontrust said the whole...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow