India, July 1 -- NatWest Group plc (NWG,NWG.L) on Wednesday announced the completion of its acquisition of Evelyn Partners for an enterprise value of 2.7 billion pounds.
The acquisition was completed on June 30.
The company expects the acquisition to be accretive to growth and return on tangible equity in its first year of ownership.
The company said Evelyn Partners had 69 billion pounds in assets under management and administration at the end of 2025.
The company expects the transaction to generate approximately 100 million pounds in annual run-rate cost synergies, with implementation costs of about 150 million pounds.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
The company also mentioned that...