EANS-Adhoc: C-QUADRAT Investment AG
C-QUADRAT takes over majority stake in
French asset management company
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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
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Mergers - Acquisitions - Takeovers
05.12.2017
Vienna/Frankfurt - C-QUADRAT Investment AG (ISIN AT0000613005) announces today's
successful conclusion of the negotiations for the acquisition of 51% of the
shares in Advenis Investment Managers ("target").
Advenis is an independent French asset manager focussing on equity and fixed
income funds, multi asset class funds and fund of funds. Advenis is domiciled in
Paris. At present, the company manages assets worth around EUR 228 million.
The agreed purchase price of EUR 2.4 million will be financed with a combination
of equity and external funds.
This acquisition represents the advancement of the continuous growth strategy in
the asset management core business and enhances further regional diversification
through entry into the French market, which is worth around EUR 3.5 trillion.
The acquisition is subject to, among other things, the condition precedent of
the approval of French Autorite des Marches Financiers (AMF), Paris.
The parties envisage closing the contract in the first quarter 2018.
Further inquiry note:
Andreas Wimmer
Schottenfeldgasse 20
A-1070 Vienna
Tel.: +43 1 515 66 316
Email: presse@c-quadrat.com
www.c-quadrat.com
end of announcement euro adhoc
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issuer: C-QUADRAT Investment AG
Schottenfeldgasse 20
A-1070 Wien
phone: +43 1 515 66-0
FAX: +43 1 515 66-159
mail: c-quadrat@investmentfonds.at
WWW: www.c-quadrat.com
ISIN: AT0000613005
indexes:
stockmarkets: Wien, Frankfurt
language: English
Original-Content von: C-QUADRAT Investment AG, übermittelt durch news aktuell