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