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Bt Pension Scheme Sells Majority Stake In Hermes To Federated Investors | Swfi - Sovereign Wealth Fund Institute

by swfinstitute.org posted 11months ago 146 views
The BT Pension Scheme (BTPS) sold its majority 60% stake in Hermes Fund Managers for around £246 million to New York-based Federated Investors. The deal values Hermes at £410 million. Hermes will remain a London-based company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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