Eagle Star buys stake in EmxCo

Eagle Star, part of the Zurich Financial Services Group, has bought a stake in the electronic fund messaging system, EmxCo, raising its parent group's holding to 20%. By looking at Companies House registration of shareholders, Investment Week discovered Eagle Star bought just under 14 million shares in EmxCo last month, equating to an investment of some £1.1m. This brings the total amount of new equity EmxCo has raised this calendar year to £10.7m. Given that Threadneedle, also part of the Zurich Group, already owns a stake in the platform, the Eagle Star shareholding will be added to ...