{"id":46597,"date":"2023-04-04T12:16:19","date_gmt":"2023-04-04T12:16:19","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/investec-merges-uk-wealth-business-with-rathbones-in-r19-billion-deal"},"modified":"2023-04-04T12:31:21","modified_gmt":"2023-04-04T12:31:21","slug":"investec-merges-uk-wealth-business-with-rathbones-in-r19-billion-deal","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/investec-merges-uk-wealth-business-with-rathbones-in-r19-billion-deal","title":{"rendered":"Investec merges UK wealth business with Rathbones in R19 billion deal"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Rathbones Group agreed to buy the UK wealth management business of Investec in an all-share deal valued at \u00a3839 million (R18.7 billion).<\/p>\n

Click here for Investec’s share price and other data<\/b><\/p>\n

Investec shares climbed 3.3% as of 9:27 a.m. in London trading, while Rathbones rose 2.6%.<\/p>\n

Under the terms of the agreement, Rathbones will issue new shares in exchange for 100% of Investec Wealth & Investment Ltd.\u2019s UK business and Rathbones. The enlarged Rathbones Group will remain an independent company operating under the Rathbones brand out of the London office, with Investec as a long-term, strategic shareholder.<\/p>\n

Investec will get to nominate two non-executive directors to the board of the new Rathbones entity, and Ciaran Whelan is one potential candidate, Titi said.<\/p>\n

On possible job cuts as a result of the merger, Rathbones CEO Paul Stockton said there will be changes inevitably, but it\u2019s too early to discuss details.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Rathbones Group agreed to buy the UK wealth management business of Investec in an all-share deal valued at \u00a3839 million (R18.7 billion). Click here for Investec’s share price and other data Investec shares climbed 3.3% as of 9:27 a.m. in London trading, while Rathbones rose 2.6%. Under the terms of the agreement, […]<\/p>\n","protected":false},"author":84,"featured_media":46596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,1984,4931,275],"class_list":["post-46597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-investec","tag-rathbones","tag-south-africa-2"],"yoast_head":"\nInvestec merges UK wealth business with Rathbones in R19 billion deal - South Africa<\/title>\n<meta name=\"description\" content=\"Rathbones Group agreed to buy the UK wealth management business of Investec in an all-share deal valued at \u00a3839 million ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/investec-merges-uk-wealth-business-with-rathbones-in-r19-billion-deal\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investec merges UK wealth business with Rathbones in R19 billion deal\" \/>\n<meta property=\"og:description\" content=\"Rathbones Group agreed to buy the UK wealth management business of Investec in an all-share deal valued at \u00a3839 million ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/investec-merges-uk-wealth-business-with-rathbones-in-r19-billion-deal\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-04T12:16:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-04T12:31:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/04\/postQueueImg_1680594385.53.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/investec-merges-uk-wealth-business-with-rathbones-in-r19-billion-deal#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/investec-merges-uk-wealth-business-with-rathbones-in-r19-billion-deal\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Investec merges UK wealth business with Rathbones in R19 billion deal\",\"datePublished\":\"2023-04-04T12:16:19+00:00\",\"dateModified\":\"2023-04-04T12:31:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/investec-merges-uk-wealth-business-with-rathbones-in-r19-billion-deal\"},\"wordCount\":171,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/investec-merges-uk-wealth-business-with-rathbones-in-r19-billion-deal#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/04\/postQueueImg_1680594385.53.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"investec\",\"rathbones\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/investec-merges-uk-wealth-business-with-rathbones-in-r19-billion-deal#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/investec-merges-uk-wealth-business-with-rathbones-in-r19-billion-deal\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/investec-merges-uk-wealth-business-with-rathbones-in-r19-billion-deal\",\"name\":\"Investec merges UK wealth business with Rathbones in R19 billion deal - 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