Commenting on the news that Dairy Crest is to be bought by Canadian company Saputo, Richard Marwood, senior fund manager, Royal London Asset Management, says:
“This deal shows that, contrary to what some people fear with Brexit, UK companies with interesting brands, technology or market positions, still have significant attractions to foreign acquirers.”
RLAM holds circa. 8.4 million shares / £53m / 5.4%
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About Royal London Asset Management (RLAM):
Established in 1988, Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, providing investment management solutions to both wholesale and institutional clients such as not-for-profit organisations, local authorities and the insurance sector.
RLAM manages £114 billion of assets and employs 92 investment professionals as at December 2018. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.
For professional clients only, not suitable for retail investors.
Issued February 2019 by Royal London Asset Management Limited, registered in England and Wales number 2244297; authorised and regulated by the Financial Conduct Authority. Registered Office: 55 Gracechurch Street, London, EC3V 0RL.
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