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The Independent UK
The Independent UK
Anna Wise

UK investment firm Schroders agrees to £9.9bn takeover by Nuveen

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

British investment management firm Schroders is set for a £9.9 billion takeover by US giant Nuveen, forming a new powerhouse in global asset management.

The deal, executed through a newly formed Nuveen subsidiary, brings together one of the UK’s largest asset managers and a FTSE 100 constituent.

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