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Alliance Trust eyes extra £10m from investment arm sale to Liontrust

Net proceeds from sale of investment arm likely to rise to £35m after surge in Liontrust share price

Alliance Trust eyes extra £10m from investment arm sale to Liontrust

Dundee-based Alliance Trust is to receive an extra £10m from the sale of its £2.5bn investment arm to Liontrust Asset Management.

Alliance Trust previously estimated it would receive up to £30m from the sale of Alliance Trust Investments to Liontrust, which was completed in April 2017.

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