Schroders studied M&G deal to build USD 1trn fund manager
Schroders spent months exploring a potential acquisition of M&, a deal that would have created a UK fund powerhouse overseeing more than USD 1trn of assets, people with knowledge of the matter said.
BY Jan-Henrik Förster and Lucca de Paoli/ BLOOMBERG
London-based Schroders was working with a partner earlier this year to consider a breakup of M&G by splitting its asset management operations from its pension and insurance unit, according to the people. It recently abandoned the idea after deciding M&G would be too expensive, the people said, asking not to be identified because the information is private.
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