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Evening Standard

Anna Wise

Schroders agrees to £9.9bn takeover by US investment giant Nuveen

Schroders Nuveen United States United Kingdom

Schroders has agreed to a takeover by US giant Nuveen in a deal worth £9.9 billion (Philip Toscano/PA) - (PA Archive)

British investment management firm Schroders has agreed to a takeover by US giant Nuveen in a deal worth £9.9 billion.

A newly formed subsidiary of Nuveen will acquire the business, which is one of the UK’s largest asset managers and is currently listed on the UK’s FTSE 100 index.

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