Jupiter and Henderson Fund management eyed for takeover by Wells Fargo
Wells Fargo, the San Francisco-headquartered banking giant, is considering several takeovers in the UK fund-management sector, The Sunday Times reported. London-based Jupiter and Henderson are believed to be on Wells Fargo’s radar, the unsourced report said.
Jupiter has a GBP 2.1bn (USD 3.2bn) market capitalisation, while Henderson Group’s market cap is GBP 3.2bn.
Wells Fargo did not wish to make any comment on the matter, the item reported.
The original report appeared in print: Business section, page 3
Sunday Times