Macquarie Group considers takeover bid for M&G - reports

£6.5bn potential deal

Eve Maddock-Jones
clock • 1 min read

Macquarie Group, the Australian banking firm, is considering a multi-billion pound bid for FTSE 100 asset manager M&G.

According to reports from Sky News, Macquarie is in early stage talks of a "exploring an approach" to M&G for takeover discussions. It is reported that no formal bid has taken place yet and the valuation of the proposal remains unclear. M&G Wealth unveils investment app Reports have speculated that a typical takeover incurs a 30% premium, and with M&G currently holding a £5bn valuation an offer could potentially reach £6.5bn. The proposal is set to be advised by Morgan Stanley on Macquarie's side, with the UK-based firm taking counsel from Goldman Sachs, Bank of America and Ever...

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