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C-Quadrat takes over majority stake in French asset management company

Published: December 5, 2017; 10:50 · (Vindobona)

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").

C-Quadrat takes over majority stake in French asset management company / Picture: © Vindobona

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…

This article includes a total of 260 words.

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