Eureko BV bought Foreign & Colonial Management from HypoVereinsbank...

Eureko BV bought Foreign & Colonial Management from HypoVereinsbank for 667 million euros ($618 million). F&C will be merged with Eureko Global Asset Management to create a single operation using the F&C brand; it will have combined assets under management of 120 billion euros. Robert Jenkins, F&C CEO, will be CEO of the combined business. F&C will continue to run $12 billion in retail and institutional assets for HypoVereinsbank.