Mattioli Woods buys 49% stake in Amati Global Investors for GBP 3.5bn with option to buy remainder in two years
Mattioli Woods, the UK wealth management firm, has acquired a 49% stake in Amati Global Investors for GBP 3.5bn, reported Leicester Mercury. Ian Mattioli, CEO of Mattioli Woods, said the purchase of specialist fund manager Amati will enhance his firm's presence in this sector.
Mattioli has an option to buy the other 51% of Amati within two years, the item said.