IGM Financial unit to double stake in ChinaAMC for $901m

IGM Financial unit to double stake in ChinaAMC for $901m

Canadian asset management firm IGM Financial Inc said on Wednesday its subsidiary Mackenzie Financial Corp will acquire a 13.9% stake in China Asset Management Co in a C$1.15 billion ($900.55 million) cash deal.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter