Rathbone Brothers Buys Barclays Wealth Injury, Court Protection Business -- Deal Digest
November 28 2019 - 2:59AM
Dow Jones News
By Ian Walker
ACQUIRER: Rathbone Brothers PLC (RAT.LN).
SELLER: Barclays PLC (BARC.LN).
TARGET: Personal Injury and Court of Protection business of
Barclays Wealth, comprising 500 million pounds ($643.8 million) of
funds under management on behalf of 600 clients.
PRICE: Undisclosed.
FINANCING: Existing capital resources.
STATUS: Subject to regulatory approvals; completion expected 2Q
2020.
Write to Ian Walker at ian.walker@dowjones.com
(END) Dow Jones Newswires
November 28, 2019 02:44 ET (07:44 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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