Amvescap pays €66.6m for Australian investment business

Amvescap has bought County Investment Management from National Australia Bank for A$110m (€66.6m).

The price is significantly higher than had been expected, but Amvescap is seen as well capable of securing growth from the platform it has acquired.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire