F&C will merge its property asset management business with REIT to form a new brand F&C REIT, which will hold a combined £8.5bn of assets under management.
F&C will be the majority owners of the new entity, with a 70pc stake, with the owners of REIT to hold the remaining 30pc share. In addition, F&C will pay the owners of REIT consideration of £25m cash and...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till