By Ian Walker

 

ACQUIRER: Rathbone Brothers PLC (RAT.LN).

SELLER: Barclays PLC (BARC.LN).

TARGET: Personal Injury and Court of Protection business of Barclays Wealth, comprising 500 million pounds ($643.8 million) of funds under management on behalf of 600 clients.

PRICE: Undisclosed.

FINANCING: Existing capital resources.

STATUS: Subject to regulatory approvals; completion expected 2Q 2020.

 

Write to Ian Walker at ian.walker@dowjones.com

 

(END) Dow Jones Newswires

November 28, 2019 02:44 ET (07:44 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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