FCA approves AssetCo takeover of River and Mercantile

Important milestone in transaction

Lauren Mason
clock • 1 min read
Alex Hoctor-Duncan of River and Mercantile Group
Image:

Alex Hoctor-Duncan of River and Mercantile Group

The Financial Conduct Authority has approved the change of control of River and Mercantile Group to AssetCo, following the agreement of an all-share acquisition between the two firms at the start of the year.

The approval comes one month after the reverse takeover received 100% shareholder approval at AssetCo's annual general meeting, in what chair Martin Gilbert called a display of "overwhelming suppor...

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