Kingswood gets FCA clearance for takeover of Marchant McKechnie
Updated : 15:23
Integrated wealth management group Kingswood Holdings announced on Friday that it has received FCA approval for its acquisition of Marchant McKechnie Independent Financial Advisers.
The AIM-traded firm had initially announced the proposed acquisition on 1 October, for a total maximum consideration of £4m.
“Following the requisite FCA approval, and the satisfaction of all other deliverables, the acquisition is now complete,” the Kingswood board said in its statement.