United Kingdom/Economy/US investment firm Nuveen agrees to buy UK asset manager Schroders for £9.9 billion

US investment firm Nuveen agrees to buy UK asset manager Schroders for £9.9 billion

Feb 13, 202610 sources

org:schrodersorg:nuveenorg:noveenorg:uk treasurytopic:takeover

Summary

Nuveen, a US investment manager, has agreed to buy the UK-based asset management firm Schroders in a deal worth £9.9 billion (about $13.5 billion). The boss of Schroders reportedly reassured the UK Treasury about the takeover ahead of the announcement.

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