India, July 10 -- Jupiter Fund Management PLC (JUP.L) Thursday said it has agreed to acquire CCLA Investment Management Limited for 100 million pounds.
The acquisition is expected to add to the company's management fee earnings immediately. It sees initial run-rate cost synergies of at least 16 million pounds per annum, to be achieved by the end of 2027.
Jupiter noted that the terms of the deal include downside protection through a purchase price adjustment mechanism linked to changes in CCLA's run-rate revenues between signing and completion, which is expected before the end of the year.
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"This Acquisition helps us to increase scale in our home market o...