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F&C plans private equity spin off following Eureko bid

Foreign & Colonial has agreed to sell its private equity arm to its management, hard on the heels HypoVereinsbank selling its 90% stake in F&C to Eureko.

Eureko, a European insurance-led conglomerate, has agreed to pay HypoVereinsbank £414m (€664m) for the 90%: the remaining 10% remains owned by F&C Investment Trust.

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