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Allspring eyes European acquisitions

privateequitywire

1 month ago

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US asset manager Allspring Global Investments is exploring acquisition opportunities in the UK and Europe as it looks to expand its international footprint, according to a report by Reuters citing the company’s CEO Kate Burke.
The firm, which manages $625bn in assets, has begun informal discussions with potential targets but said no transaction is currently imminent.
Burke said Allspring is focusing on firms managing up to $20 billion in assets, although larger deals could also be considered. Sh...

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