In the past fortnight sources have told Citywire that Artemis Fund Managers is exploring options which could lead to a potential sale of the business. In a sense these are not new as there have been persistent rumours going back to last year that the fund management group may be exploring a sale or a merger with another asset management group.
On Friday, Citywire published a story saying that Artemis was scoping out potential buyers for the business. Officially Artemis said in response that it would not comment on market rumours but late Friday an internal memo to staff denied that the company was up for sale.
Those promoting the sale story told Citywire that an intermediary was speaking to potential interested parties over its possible acquisition.