BT Pension Scheme Sells Majority Stake in Hermes to Federated Investors

Posted on 04/13/2018

The BT Pension Scheme (BTPS) sold its majority 60% stake in Hermes Fund Managers for around £246 million to New York-based Federated Investors. The deal values Hermes at £410 million. Hermes will remain a London-based company. Post-deal, BT Pension Scheme will retain a 29.5% stake in Hermes down from 89.5% and Hermes management will retain […]