Ontario Teachers’ completes majority stake purchase of 7IM from Caledonia Investments
Agreement was first announced in September last year
Agreement was first announced in September last year
Ontario Teachers’ Pension Plan Board to become majority shareholder
Rumoured to have given prospective buyers until the end of July to table offers
Leaving the trust trading on a 27% discount
While 7IM remains the trust’s biggest holding in wake of sale rumours
£2.5bn investment trust owns 7IM in its unquoted portfolio
Giuseppe Ciucci steps back from helm after 22 years
Seven Investment Management saw its assets under management increase by 30% in 2015, the firm reported.
Seven Investment Management’s majority owners Allied Zurich Holdings and Aegon UK have agreed to sell their stake to Caledonia Investments.