GAM has finalised a deal with Rock Investments SA, which will see the latter provide CHF 100m in financial support to the asset manager.
Rock Investments SA is a French-incorporated entity that controls NewGAMe, a shareholder in GAM which actively opposed the failed takeover bid from Liontrust for the Swiss firm. The previous takeover deal included an £8.9m loan from Liontrust, which GAM was forced to repay when its shareholders voted against the acquisition in August. Failed GAM bid 'will lead to restructuring' as Liontrust outflows mount The new agreement between GAM and Rock Investments SA has been agreed until 30 June 2025, with the option for it to be extended by an additional 12 months. Additionally, Rock I...
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