RBC set to take over Brewin Dolphin for £1.6bn in 'transformative' acquisition

clock • 2 min read
RBC set to take over Brewin Dolphin for £1.6bn in 'transformative' acquisition

Royal Bank of Canada's wealth management arm is looking to acquire Brewin Dolphin with a cash offer with an equity value of around £1.6bn at 515 pence per share. Brewin Dolphin - a leading wealth manager in the UK and Ireland with assets under management of £59bn - has an "impressive" track record of growth and innovation, according to RBC, which said the UK is a key growth market for the bank. Following the announcement on Thursday (31 March) morning, Brewin Dolphin's share price soare...

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