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UK's European Wealth Completes Acquisition, Lists On Stock Exchange
European Wealth Group has completed the reverse acquisition of parent company European Wealth Management Group.
European Wealth
Group has completed the reverse acquisition of parent company
European Wealth Management Group.
Following the announcement last month that it was acquiring
European Wealth Management Group for £7.1 million ($12 million),
the company has been renamed European Wealth Group Limited and
will be listed on the London Stock Exchange, the firm said in a
statement.
The group was co-founded four years ago by John Morton, Rod
Gentry, and George Robb, a former founder and chairman of
Aberdeen Asset Management, and has funds under management or
influence of approximately £710 million and a market
capitalisation of approximately £16.6 million (based on the
closing mid price on 6 May 2014).
European Wealth has offices in London, Brighton, Cheltenham,
Worcester, Wokingham and East Malling and provides both financial
planning and investment management services through its two
wholly-owned subsidiaries – European Investment Management, and
European Financial Planning.