In a report this month in industry newspaper Investment Adviser, Britannic Group are "rumoured to be looking to acquire Abbey National Asset Managers".
The story says that "the price tag is understood to be abot £200m".
Our view
Britannic is a largish fund management group who appear to be refocusing their business at the moment with certian subsidiaries being closed to new business and others being opened.
Acquiring Abbey National Asset Managers would treble Britannic funds under management of behalf of clients which must give them better economies of scale when dealing.