Nuveen to acquire Schroders for £9.9bn.

Nuveen, a global investment company, agreed to acquire Schroders, an international asset management group, for £9.9bn. "In a competitive landscape where scale can help deliver benefits, in Nuveen we see a partner that shares our values, respects the culture we have built and will create exciting opportunities for our clients and people. The transaction will significantly accelerate our growth plans to create a leading public-to-private platform with enhanced geographic reach and a strengthened balance sheet. Together, we can create an exceptional opportunity to provide clients with a true breadth of high-quality solutions to meet their evolving needs," Richard Oldfield, Schroders Group Chief Executive.