Interactive Investor seals Alliance Trust Savings acquisition
Combined entity has £36bn assets under administration and 400,000 customers
Combined entity has £36bn assets under administration and 400,000 customers
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Wealth manager swaps share option for £750,000
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‘Advisers might balk at the idea of being subsumed into 1825’
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Room for Swiss manager to be also viewed as a ‘potential recovery stock’
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The acquisition has dominated flows at the investment group
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‘Move is clearly designed to help push Sanlam towards the big, established players’
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Specialising in niche areas could limit Swiss manager’s appeal
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FTSE 250 firm reportedly pipped out Rathbones to enter exclusive talks with Investec
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Lumin managing director said deal could provide a blueprint for further acquisitions
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Premium price tag is several times higher than bid rejected in 2016
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Deal provides a springboard for the business to enter new markets
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Deal will see transfer of £1bn in assets
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