Centerbridge and Mubadala in talks to buy Canaccord UK wealth unit for about £1bn
A Bloomberg report describes negotiations to acquire the business, not a signed or completed agreement.
At a glance
Centerbridge Partners and Mubadala Investment Company, the Abu Dhabi sovereign wealth fund, are in talks to acquire Canaccord Genuity's UK wealth management business for approximately £1bn, according to a Bloomberg report.
The report describes talks to acquire the business; it does not describe a signed or completed agreement.
Centerbridge Partners and Mubadala Investment Company, the Abu Dhabi sovereign wealth fund, are in talks to acquire Canaccord Genuity's UK wealth management business for approximately £1bn, according to a Bloomberg report.
The report describes talks to acquire the business; it does not describe a signed or completed agreement. No other terms of the proposed transaction appear in the Bloomberg account as published.
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