Tuesday, 26 Nov 2024

Royal Bank of Canada to buy Brewin Dolphin for 1.6 billion pounds

FILE PHOTO: A sign for the Royal Bank of Canada in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio

LONDON (Reuters) – Royal Bank of Canada has made an agreed all cash offer for British wealth management company Brewin Dolphin, the bank said on Thursday.

Brewin shareholders will be offered 515 pence for each of their shares, valuing the wealth manager at 1.6 billion pounds ($2.10 billion), the bank said in a statement.

($1 = 0.7618 pounds)

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