One of the City's most prominent financiers has made an approach to acquire STM Group, a London-listed pensions administrator
One of the City's most prominent financiers has made an approach to acquire STM Group, a London-listed pensions administrator.
City sources said the approach from Pension Superfund Capital was likely to be disclosed in an announcement on Tuesday morning. Although a stock market minnow with a market capitalisation of little more than £15m, STM is understood to have been identified by Mr Truell as a platform to deliver a comprehensive range of pensions services to clients.
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