Fortis has announced its £317.2m deal with Artemis after its management shareholders agreed to a contractual arrangement with the Belgium bank.
ABN AMRO held a majority interest in Artemis since 2002 until being transferred to Fortis in 2008.
Artemis managing director Richard Turpin says: “Fortis has advised us of its
desire to explore strategic options for its investment in Artemis. This
process may lead to the transfer of Fortis’ shareholding in Artemis to a
“We are fully supportive of this endeavour, provided that the
importance of management continuity and the unique culture and investment
style is recognised and maintained in order to preserve Artemis as a leading
asset management business in the UK. We will keep you fully informed of
developments in this regard in due course.”