DUNDEE (dpa-AFX) - Alliance Trust PLC (ATST.L) announced it has agreed the sale of its subsidiary company Alliance Trust Savings to Interactive Investor, an investment platform. The total price payable under the sale agreement is 40 million pounds. Alliance Trust said the sale is another positive step in its strategy to focus on global equity portfolio.
The Group said the proceeds from the sale will be invested in the global equity portfolio, managed by Willis Towers Watson, which following completion will represent close to 100% of the Trust's investment portfolio.
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