Investec seeks full control of Rensburg Sheppards- FT

LONDON, March 30 | Mon Mar 29, 2010 8:21pm EDT

LONDON, March 30 (Reuters) - South Africa based Investec (INVP.L) is looking to buy out the shares in British wealth manager Rensburg Sheppards RBG.L that it does not already own, the Financial Times reported on Monday.

Citing people familiar with the matter, the FT said the investment bank had placed an offer of 9 pounds per share to purchase the remaining 52 percent of Rensburg Sheppards.

The deal, which could value the wealth manager at about 400 million pounds ($597.9 million), could be announced as early as today, according to the paper.

Rensburg Sheppards and Investec could not immediately be reached for comment.

(Reporting by Caroline Copley; Editing by Bernard Orr)

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