AssetCo Sells Stake in Rize ETF for Up to GBP10.5 Mln

By Elena Vardon

AssetCo sold its 70% stake in exchange-traded fund specialist Rize ETF to U.S. firm ARK Invest for up to 10.5 million pounds ($13 million).

The London-listed group, which acquires and operates asset- and wealth-management activities, said the deal includes an upfront GBP2.625 million payment, a GBP2.625 million deferred payment…