Fund manager Artemis could be about to change hands for €1bn (£760m), The Telegraph reveals.
It is understood Dutch-Belgian bank Fortis has been studying a sale of its stake in Artemis, which manages around £15.1bn of assets for a wide range of retail investors. Investment bank UBS is advising on a possible deal, according to sources. Artemis's management, led by chief executive and founder Mark Tyndall, is thought to be interested in carrying out a management buyout of the fund management company. Fortis ended up with a significant stake in Artemis after acquiring ABN Amro's retail, commercial banking and wealth and asset management arm as part of the €70bn takeover of the Dutch...
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