Private investment firm Oaktree Capital Management is weighing strategic options for Utmost Group Plc, including a potential sale or a flotation in London, according to a report by Bloomberg citing unnamed people familiar with the matter.
A transaction could value the insurance-based wealth manager at around £2bn, according to Bloomberg’s sources, although discussions are at an early stage and no final decision has been taken. Oaktree is understood to be close to appointing advisers to explore t...
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