Deals

RBC Wealth Management to Buy Brewin Dolphin for £1.6 Billion

RBC will pay 515 pence per Brewin Dolphin share in cash
Deal represents a 62% premium to wealth manager’s share price

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By Loukia Gyftopoulou

March 31, 2022 at 6:57 AM UTC

Updated on

March 31, 2022 at 7:51 AM UTC

This article is for subscribers only.

RBC Wealth Management has agreed to buy Brewin Dolphin Holdings Plc, in an all-cash deal that values the wealth manager at about 1.6 billion pounds ($2.1 billion).

RBC will pay 515 pence a share in cash for the company, according to a statement Thursday. The price represents a 62% premium to Brewin Dolphin’s last closing share price.