£9.9bn takeover by US rival to end Schroders’ decades-long London listing

Schroders is being sold to Nuveen, bringing an end to its listing on the London Stock Exchange (Alamy/PA) -

One of the UK’s biggest investment managers, Schroders, will be taken off the London stock market after agreeing to be bought by a US rival for £9.9 billion.

The City stalwart is being sold to Nuveen, bringing an end to its decades-long listing on the London Stock Exchange (LSE).