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Resolution linked with £1.2bn bid for Dutch fund giant
Markets
by Daniel Grote on May 28, 2012 at 09:37
Resolution is eyeing a £1.2 billion bid for Dutch fund management giant Robeco, according to The Sunday Times.
The paper said Resolution, headed by Clive Cowdery (pictured), was understood to be in the early stages of preparing a bid, but that it would need to raise new funds for the deal.
Resolution has long been looking to buy a fund management group to supplement its life insurance acquisitions, failing in an earlier bid for Pioneer, the asset manager owned by Italian bank Unicredit.
The Sunday Times said a number of potential acquirers were circling Robeco, which has been put up for sale by parent Rabobank.
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