Bankinter Investment and Plenium Partners To Merge Their Investment Management Firms And Buy Significant Stake Of ACP
Reuters03-28
March 27 (Reuters) - Bankinter SA :: *BANKINTER INVESTMENT, SGIIC, S.A. AND PLENIUM PARTNERS ASSET MANAGEMENT, SGEIC, S.A. AGREED TO MERGE RESPECTIVE MANAGEMENT COMPANIES *BANKINTER INVESTMENT, SGIIC, S.A. REACHES AGREEMENT TO ACQUIRE FROM ALANTRA INVESTMENT MANAGER S.L ITS DIRECT AND INDIRECT STAKE IN ALTERNATIVE INVESTMENT MANAGER ACCESS CAPITAL PARTNERS GROUP (‘ACP’) *BOTH TRANSACTIONS WILL RESULT IN MORE THAN 14 BILLION EUROS IN CAPITAL COMMITTED BY INVESTORS *BANKINTER INVESTMENT SGIIC WILL HOLD 64% OF ECONOMIC RIGHTS OF ACP *PARENT COMPANY OF PLENIUM PARTNERS SGEIC WILL BECOME A SHAREHOLDER IN BANKINTER INVESTMENT SGIIC WITH A 27.5% STAKE
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