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British wealth manager may acquire Investec Irish wealth management business

Written by Business World, on 15th Apr 2019. Posted in Financial

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British wealth manager Brewin Dolphin said on Sunday it is in talks to acquire Investec's wealth management business in Ireland.

The company said in a statement following a newspaper report that the discussions were ongoing and there was no certainty that they would lead to a deal.

Britain's Sunday Times reported that Brewin Dolphin is competing with Allied Irish Banks (AIB) to buy Investec's private client stockbroking business, with a price tag of up to 60 million euros.

London-based Rathbones is also interested in the business, the Sunday Times said. AIB and Rathbones declined to comment, while Investec did not respond to a request for comment. (Reuters)

Source: www.businessworld.ie

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