Ashmore grabs Aviva Investors' stake for China JV
The UK-based firm is to join forces with China Central Securities for a JV in Shanghai. It fills a void as Aviva Investors opts to exit even after a five-year wait.
Ashmore Investment Management has stepped in to fill the void after Aviva Investors exited its long-planned joint venture with China Central Securities, it has been confirmed.
The new firm will be located in Shanghai and co-branded Ashmore-CCSC Fund Management Company, Ashmore tells AsianInvestor. No details on the pricing of the transaction have been made public as yet.
"We have been looking for some time to expand our footprint in China,” a spokesman for the emerging markets-f…
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