Investec Gets Approaches To Buy Rensburg Fund Management

7th Jul 2010 07:34

LONDON (Dow Jones)--Investec PLC (INVP.LN), an international specialist bank and asset manager, said Wednesday it has received a number of expressions of interest from potential acquirers for Rensburg Fund Management Ltd., or RFM, Rensburg Sheppard PLC's fund management subsidiary. MAIN FACTS: -Investec has appointed Fenchurch Advisory Partners to advise on strategic options for RFM. -As part of the strategic review, Fenchurch will assess and test the appetite from third parties for acquiring RFM through a structured process. -Fenchurch will also consider the prospects for the continued growth of the business under its existing ownership structure. -Investec shares closed in London Tuesday at 444.7 pence valuing the company at GBP2.29 billion. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; [email protected] (END) Dow Jones Newswires July 07, 2010 02:34 ET (06:34 GMT)