“The Firm confirms that it routinely evaluates strategic initiatives in consideration of the rights of its strategic and monetary minority associate within the UK wealth administration enterprise geared toward enhancing worth for all stakeholders, together with its workers and shoppers.,” the assertion reads. “At instances, these evaluations contain discussions with potential counterparties, nevertheless, there will be no assurance that such discussions will lead to any particular end result.”
Reuters studies that the UK-based Canaccord Wealth enterprise generated EBIDTA of 78.6 million kilos between April of 2024 and March of 2025.
In November the Monetary Instances reported that Canaccord Genuity was conducting a strategic assessment of its UK wealth administration enterprise which included a possible sale. On the time, Canaccord Genuity stated it had no plans to promote its UK wealth enterprise.
“The Firm doesn’t intend to make any further feedback with respect to this matter besides as required underneath its regulatory obligations,” the Canaccord assertion continues. “All shareholders and potential traders are inspired to rely solely on info offered immediately by the corporate in its ongoing disclosures, which can be found on the Firm web site and on SEDAR+”.
