8 godzin temu
British investment giant Schroders has agreed to a £9.9 billion takeover by US firm Nuveen, creating a combined asset management powerhouse controlling almost $2.5 trillion. The deal marks one of the UK's largest financial services acquisitions and will cement London's role as a global investment hub.
The transaction will see a newly formed Nuveen subsidiary acquire Schroders' entire share capital. Shareholders are being offered £5.90 per share plus dividends of up to 22 pence. Schroders, currently listed on the UK's FTSE 100 index, is one of Britain's largest asset managers.
Nuveen is owned by Teachers Insurance and Annuity Association of America, one of the world's largest institutional investors. The combined entity will manage assets worth £1.8 trillion.
Strategic rationale
Schroders chief executive Richard Oldfield positioned the deal as a growth accelerator in an increasingly competitive landscape. «In a competitive landscape where scale can help deliver benefits, in Nuveen we see a partner that shares our values, respects the culture we have built and will create exciting opportunities for our clients and people,» he said.
Oldfield emphasized the strategic advantages: «The transaction will significantly accelerate our growth plans to create a leading public-to-private platform with enhanced geographic reach and a strengthened balance sheet.»
London headquarters secured
The Schroders brand will be retained under the deal. London will serve as the combined group's headquarters outside the United States, with around 3,100 staff based in the British capital.
Any future listing plans for Schroders or the merged entity would include the London Stock Exchange as one of the dual listing destinations. The transaction is expected to reinforce London's position in global asset and wealth management.
The deal requires regulatory approval and is expected to complete in the final three months of 2026.
Note: This article was created with Artificial Intelligence (AI).
