Dundee-based Alliance Trust has officially changed its name to Alliance Witan following its merger with Witan Investment Trust. This represents the UK’s largest ever investment trust merger, and the London Stock Exchange has formally admitted Alliance Witan plc (LSE: ALW) to the exchange
Witan Investment Trust
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Dundee-headquartered Alliance Trust PLC and Witan Investment Trust plc have announced they are merging to create Alliance Witan PLC. This move follows Witan CEO Andrew Bell's retirement and a strategic review of its investment management by the board of Witan. The merged entity will have £