Insurance group Swiss Life said that it has acquired a controlling interest in the French fund manager Viveris REIM, becoming the largest shareholder after its founding managers and insurer Matmut. Although the terms of the operation were not disclosed, Swiss Life has reportedly taken a 60% stake from Viveris Management. The company's managers have retained a 35% interest, with Matmut holding 5%.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
