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Insider UK

Business

Coreena Ford & Peter A Walker

Brewin Dolphin set to be acquired by RBC in £1.6bn deal

Brewin Dolphin RBC RBC Wealth Management

Wealth manager Brewin Dolphin is set to be acquired by the Royal Bank of Canada (RBC) in a deal valuing the business at £1.6bn.

The firm - which has offices in Edinburgh, Glasgow, Aberdeen and Dundee - has recommended an offer to shareholders by subsidiary RBC Wealth Management.

The two firms announced they had reached agreement on the terms of a recommended all cash offer, through which shareholders will be entitled to 515 pence per Brewin Dolphin share.

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