Wealth and Asset Management
Gam says loan linked to rival bidder is ‘insufficient’
Gam has pushed back against a rival loan offer from Rock Investments saying that it needs more than CHF100mn (£89.2mn) to continue running. In an update, published yesterday (August 21), Gam’s board said the level of capital injection required “in the immediate foreseeable future” exceeded CHF100mn. It comes after last…
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Click here to read the full story: FT Adviser