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Foreign & Colonial

Foreign & Colonial Ventures has bought the Sussex-based chain of 23 CSide pubs, clubs and restaurants, for £15m, and plans to expand the business along the South Coast.

Foreign & Colonial, the fund manager, has been acquired by Eureko following the sale of Hypovereinsbank's 90% stake for £414m, and Eureko is planning to create a leading pan-European asset management business under the F&C brand.

Foreign & Colonial is setting up a new subsidiary called Cerebys to develop derivatives products for the UK insurance market.