Disruptive Capital ends talks with River and Mercantile over pensions business buyout

2026 Corporate Holdings

09/12/2021 10:56

Dec 9 (Reuters) - Blank-check firm Disruptive Capital
Acquisition Co  DCACS.AS  said on Thursday it had ended talks
with River and Mercantile  RIV.L  after the British fund manager
rejected its informal approach to buy the pensions business. 
    R&M, which was approached by rivals Premier Miton Group
 PMIP.L  and AssetCo  ASTO.L  for a possible buyout of the
entire firm last month, had agreed to sell its Solutions
Division to Schroders  SDR.L . 

 (Reporting by Sinchita Mitra in Bengaluru; Editing by Anil
D'Silva)
 ((Sinchita.Mitra@thomsonreuters.com;))