Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Nuveen to acquire UK’s Schroders in £9.9B all-cash deal, ending its 222-year independence.
U.S. asset manager Nuveen has agreed to acquire UK-based Schroders in a £9.9 billion ($13.5 billion) all-cash deal, ending the 222-year history of the family-owned firm as an independent entity.
The transaction, which values Schroders at 612p per share with a 29% premium, will create a global asset manager with nearly $2.5 trillion in assets under management.
The merged firm will retain the Schroders brand, keep London as its main non-U.S. hub, and operate as a standalone business for at least a year under Nuveen’s ownership, with CEO Richard Oldfield remaining in place.
The deal, pending regulatory and shareholder approval, marks a major consolidation in the asset management industry and follows recent performance challenges at Schroders, including client outflows.
The company’s shares surged nearly 30% after the announcement, and the FTSE 100 reached a record high amid renewed investor confidence in UK financial markets.
Nuveen adquiere Schroders del Reino Unido en un acuerdo de 9.900 millones de libras esterlinas en efectivo, poniendo fin a su independencia de 222 años.