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Close Bros agrees sale of asset management arm, reports solid year

Published by Josh White on 19th September 2024

(Sharecast News) - Close Brothers announced an agreement to sell its wealth management subsidiary, Close Brothers Asset Management (CBAM), to funds managed by Oaktree Capital Management, for an equity value of up to £200m on Thursday, alongside a solid set of full-year results.

URL: http://www.digitallook.com/dl/news/story/34566146/...

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