F&C Asset Management has confirmed that it remains in talks with European asset management company C Quadrat with regards to a buy-out.

The company today confirmed that discussions are ongoing and it intends to make an offer for shares in C Quadrat at an offer price of around £11.34 (EUR 12.50) per share.

C Quadrat has its own banking licence, which it has held since 2003 and has been listed on the Frankfurt Stock Exchange since November 2006 as well as the Vienna Stock Exchange from May 2008.

F&C is planning for the founders of the company, Alexander Schutz and Thomas Reiss, to remain involved with the day-to-day management of the company as it said it would not want to compromise C Quadrat’s investment processes or business model.

C Quadrat specialises in bespoke asset management for high net worth and institutional investors.

A further announcement will be made on the London Stock Exchange when the deal completes.