Apollo Pension & Investment Advisers is no longer trading
Aviva also cancelled large amount of preference shares
To be better aligned with market conditions
‘It’s never a merger, there’s always one dominant management team’
Comes after PE-backer HSQ flagged Kingswood growth concerns
Investment group Bain snaps up 30% ownership
Regains regulatory approval to expand after 2024 growth concerns
Trading of preference shares ceased at 8am on 15 May