Launches & Closures Mergers & Acquisitions / Joint Ventures

RAB details buyout plan, winds down Cross Europe strategy

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RAB Capital, the beleaguered asset manager, has produced proposals for its delisting from the stockmarket via a management buyout led by its executive directors that will result in the public company becoming a privately held entity.

Further to the stock exchange announcement on 24 June, the board of RAB said this week that it had reached agreement with the continuing directors – Michael Alen-Buckley, Philip Richards, Charles Kirwan-Taylor and Christopher de Mattos – who will run the new RAB Holdings entity to offer shareholders in RAB Capital plc either 10p per share or an exchange in the form