Bigger multimillion-pound payout from stake unlikely with Somerset Capital Management no longer up for sale
Former business secretary and staunch Brexiter Jacob Rees-Mogg will receive about £500,000 in annual dividends from his stake in Somerset Capital Management, the investment fund he co-founded in 2007.
However, the prospect of Rees-Mogg collecting an even bigger multimillion-pound windfall appears to be on ice, as the Guardian understands Somerset is no longer holding talks about a potential sale of the firm valued at between £70m and £100m.
Bigger multimillion-pound payout from stake unlikely with Somerset Capital Management no longer up for saleFormer business secretary and staunch Brexiter Jacob Rees-Mogg will receive about £500,000 in annual dividends from his stake in Somerset Capital Management, the investment fund he co-founded in 2007.However, the prospect of Rees-Mogg collecting an even bigger multimillion-pound windfall appears to be on ice, as the Guardian understands Somerset is no longer holding talks about a potential sale of the firm valued at between £70m and £100m. Continue reading…
