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.
French Autorite des Marches Financiers (AMF) gives green light for taking over a majority stake in French asset management company
Mergers – Acquisitions – Takeovers
22.05.2018
Vienna/Frankfurt – As disclosed with ad-hoc announcement dated 05.12.2017, the present acquisition was in particular subject to the condition precedent of the approval of the French Autorite des Marches Financiers (AMF), Paris.
C-QUADRAT Investment AG („C-QUADRAT“) (ISIN: AT0000613005) announces, that it has been informed, that the French Autorite des Marches Financiers has approved the acquisition of 51% of the shares in Advenis Investment Managers.
original announcement:
——————————————————————————– EANS-Adhoc: C-QUADRAT Investment AG / C-QUADRAT takes over majority stake in French asset management company
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.
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 original announcement euro adhoc ——————————————————————————–
end of announcement euro adhoc
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
Digital press kit: http://www.ots.at/pressemappe/3309/aom
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