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Ninety One PLC and Ltd said on Tuesday the transfer of Sanlam Investments UK Ltd’s active asset management business to Ninety One UK Ltd has been completed. The UK transaction saw 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. Ninety One also said Ninety One PLC had issued 13.7 million consideration shares to Sanlam Investments UK on Monday, as part of the UK transaction. These transactions form part of the UK component of the broader agreement between Ninety One and Sanlam Ltd. 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 would 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 would 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 would 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 shares in London rose 1.7% to 178.90 pence on Tuesday morning. In Johannesburg, Ninety One Ltd shares were up 3.0% to R 42.33, and Ninety One Plc shares were 3.5% higher at R 43.16. In Johannesburg, Sanlam shares was up 0.5% to R 87.15. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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