Good morning and welcome to your Morning Briefing for Friday 6 October 2023. To get this in your inbox every morning click here. AssetCo agrees to sell stake in subsidiary RMI AssetCo Group has agreed to sell its stake in subsidiary River and Mercantile Holdings (RMI) to partners of RMI led by its chief Ian Berry.
AssetCo PLC, and its wholly-owned subsidiary River & Mercantile Holdings Ltd, on Friday announced they have reached an agreement in principle to sell their interest in River & Mercantile.
AssetCo Group has agreed to sell its stake in subsidiary River and Mercantile Holdings (RMI) to partners of RMI led by its chief Ian Berry. The group announced today (6 Oct.) in a market update that the partners of RMI will continue managing and operating the business outside the AssetCo Group.