STM sells Jersey trust and services arm to Guernsey firm

clock • 2 min read

STM Group, the cross-border financial services provider, has sold its Jersey based trust and company services businesses to privately-owned Guernsey-headquartered Imperium Group for a cash consideration of £1.40m. The sale completes its strategy to focus on its core activities of pension administration and life assurance, STM announced today (10 May). The sale proceeds will further contribute towards funding organic growth opportunities and build on cash resources for further M&A activi...

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