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Ninety One PLC and Ltd said on Friday the transfer of Sanlam Investments UK Ltd’s active asset management business to Ninety One UK Ltd will be completed on Monday next week. This forms part of the UK component of the broader agreement between Ninety One and Sanlam Ltd. The UK transaction will see Ninety One UK appointed as the primary active asset manager for a specified portion of Sanlam Investments UK’s assets under management, starting on Monday. Back in November, Ninety One and Sanlam announced they had reached an agreement for Sanlam to appoint Ninety One as its primary active investment manager. Under the terms of the agreement, Ninety One will acquire all the issued shares in Sanlam Investment Management Pty Ltd, an active investment management business wholly owned by Sanlam Investment Holdings Ltd, in which the Sanlam holds an effective 65.6% interest. In addition, Sanlam will serve as an anchor investor in Ninety One’s international private and specialist credit strategies that meet its investment requirements. Early in March, Sanlam and Ninety One concluded ‘key operative agreements’ for their planned strategic partnership. Sanlam will receive a total of 125.7 million shares in Ninety One as part of the arrangement. This allocation represents a 12.3% equity stake in Ninety One. Excluding ARC Financial Services Investments Pty Ltd, Sanlam will hold an effective shareholding of about 8.9% in Ninety One. Ninety One said Ninety One PLC will issue 13.7 million consideration shares to Sanlam Investments UK on Monday next week, as part of the UK transaction. Ninety One shares were down 2.8% to 174.00 pence early Friday in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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