AssetCo agrees all-share acquisition of River and Mercantile

James Baxter-Derrington
clock • 2 min read

The board of River and Mercantile Group has reached an agreement with AssetCo for an all-share acquisition by the Martin Gilbert-chaired group. Under the terms of the acquisition, RMG shareholders will be entitled to receive 0.07392 AssetCo new shares for each RMG share they hold. Based on a closing price of 1,550 pence per AssetCo share, the acquisition values each RMG share at 114.6 pence, with the group's entire issued and to be issued ordinary share capital valued at approximately £98.8m. Alongside the acquisition, shareholders are also set to benefit from the recent sale of RM...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?