Man Group last week admitted it has been preparing for a
potential spin off of its brokerage arm, Man Financial, though
it remained unclear whether it would plan a public listing or a
sale of the business.
The group has been considering divesting part or all of its
interest in its broking operations in order to gain full value
for the business, which it is widely understood to believe has
not been fully reflected in its share price.
That belief was confirmed by a Man spokesperson, who told
FO Week, "We don't feel the market is giving [the
brokerage] its full value." She added, "We review our options
all the time and have made preparations for a separation so
that, should we decide [to separate], we're set to go".
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.