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IGIFF / IGM Financial acquires $622M stake in Rockefeller Capital to expand into large US wealth management market

IGM Financial (TSX:IGM) Inc, a member of the Power Corporation of Canada (TSX:POW) group of companies, revealed that it has bought a 20.5% equity interest in Rockefeller Capital Management, a top US independent financial services advisory firm for US$622 million. As a result, Winnipeg-based IGM, which is one of Canada's largest diversified wealth and asset management companies, is now Rockefeller's second largest shareholder, with Viking Global Investors remaining the lead shareholder. Read More

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IGIFF

Posted: Apr 4 2023, 10:12

Author Name: Proactive Investors

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By Proactive Investors
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