Brief: Kingswood Holdings will acquire Joseph Lamb business Independent Financial Advisers

Kingswood Holdings

07/02/2022 07:05

Feb 7 (Reuters) - Kingswood Holdings Ltd  KWG.L :
    * KINGSWOOD HOLDINGS  - ACQUISITION OF JOSEPH LAMB
INDEPENDENT
FINANCIAL ADVISERS
    * BUSINESS WILL BE ACQUIRED FOR TOTAL CASH CONSIDERATION OF
UP TO
£15.3M
    * KINGSWOOD HOLDINGS LIMITED ("KINGSWOOD") ANNOUNCES THAT IT
HAS
EXCHANGED AND COMPLETED ON AN ACQUISITION WITH JOSEPH R LAMB
    * KINGSWOOD GROUP ASSETS UNDER ADMINISTRATION ("AUA") WILL
TOTAL
OVER £8.5 BILLION FROM A COMBINATION OF BOTH GLOBAL RETAIL AND
INSTITUTIONAL CLIENTS
    * FOLLOWING REGULATORY APPROVAL, BUSINESS WILL BE ACQUIRED
FOR
TOTAL CASH CONSIDERATION OF UP TO £15.3M

Source text for Eikon:  ID:nRSG8084Aa 
Further company coverage:  KWG.L 

 ((Andres.Gonzalez@thomsonreuters.com;))