River and Mercantile proposes £180m payout for shareholders after Schroders sale

Full sale announced last month for £228m

clock • 1 min read
CEO of River and Mercantile James Barham
Image:

CEO of River and Mercantile James Barham

River and Mercantile Group (RMG) has proposed returning £180m to shareholders following the completion of the sale of its UK solutions business to Schroders.

The company announced the sale of its UK fiduciary management, advisory and derivatives business on 26 October for £228m. On Wednesday (24 November) the company said it planned to return £180m of that...

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