Today news
About the same in other media
Close Brothers to sell wealth management arm to Oaktree Capital Management for £200m
Reading now: 656
In a stock exchange notice today (19 September), Close Brothers said the equity value of up to £200m represents a multiple of 27x CBAM's statutory operating profit after tax for the year to 31 July 2024, and includes a £28m of contingent deferred consideration in preference shares. Close Brothers CEO takes temporary medical leave of absence The group will retain all upfront cash proceeds from the sale, around £172m – of this, a cash consideration of £146m will be paid on completion and a dividend of £26m will be paid by CBAM to Close Brothers on or before completion. The contingent...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
London-based Robinhood rival Freetrade buys UK arm of Australian investing platform Stake cnbc.com /1 month ago
Alembic Pharma gets USFDA nod for generic drug used to treat schizophrenia economictimes.indiatimes.com /1 month ago
India News Today Live Updates on September 27, 2024 : NMC faces management crisis, goes to ministry for help livemint.com /1 month ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
