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Catella acquires shares in IPM

Mon, 21/07/2014 - 14:13

Catella has secured the approval of the Swedish Financial Supervisory Authority (Finansinspektionen) and has taken up shares in Informed Portfolio Management (IPM) as agreed in January 2014.

Catella’s ownership of IPM now amounts to approximately 51 per cent and IPM thus becomes a subsidiary of Catella.
 
Catella’s ownership of IPM was formerly 25 per cent.
 
As announced on 27 January 2014, Catella entered into an agreement to acquire additional shares for a consideration of approximately SEK25.7 million and a potential additional payment related to IPM’s future performance. 


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