Investec considers sale of Rensburg Sheppards subsidiary

ANGLO-South African investment bank Investec is looking into the potential sale of the Rensburg Sheppards' fund management subsidiary after completing an all-share 412m takeover of the stockbroking and investment management firm earlier this year.

By The Newsroom

Published 7th Jul 2010, 10:44 BST

Investec said it had received a number of expressions of interest from potential acquirers for Leeds-based Rensburg Fund Management (RFM).

Investec has appointed Fenchurch Advisory Partners to advise on strategic options for RFM.

In a statement Investec said: "As part of the strategic review, Fenchurch will assess and test the appetite from third parties for acquiring RFM through a structured process.

"Fenchurch will also consider the prospects for the continued growth of the business under its existing ownership structure.

"There can be no certainty that this strategic review will result in a transaction or an offer being made for RFM. However, any transaction would have regard to the best interests of all stakeholders of RFM, including its clients and employees."

Leeds