Canaccord Genuity Agrees to Sell UK Wealth Unit for £1.17B
The sale of CGWM UK carries approximately £1.17B in enterprise value, with about £564M in expected proceeds after adjustments. Closing is expected in H1 2027, subject to approvals.
Canaccord Genuity agreed to sell CGWM UK for approximately £1.17B enterprise value. It expects approximately £564M in proceeds after debt, working capital, transaction cost and closing-timing adjustments; closing is expected in H1 2027, subject to approvals.Material DetailsContext by AI AnalystThis…