Storebrand Increases Ownership In Danish AIP Management To 60%
June 26 (Reuters) -Storebrand ASA STB.OL:
STOREBRAND ASA: INCREASES OWNERSHIP IN DANISH INFRASTRUCTURE FUND MANAGER AIP MANAGEMENT
HAS ENTERED INTO AN AGREEMENT TO ACQUIRE AN ADDITIONAL 50% OF SHARES IN DANISH INFRASTRUCTURE FUND MANAGER AIP MANAGEMENT P/S TO REACH A DIRECT OWNERSHIP OF 60%
AIP WILL CONTINUE TO BE LED BY ITS CURRENT PARTNERS, RETAINING INDEPENDENCE AND OPERATING UNDER AIP BRAND, AS PART OF STOREBRAND ASSET MANAGEMENT MULTI-BOUTIQUE OFFERING
PURCHASE PRICE CONSIDERATION IS DKK 215 MILLION FOR 50% OF SHARES IN AIP
PURCHASE PRICE WILL BE FINANCED BY CASH FROM HOLDING COMPANY STOREBRAND ASA
STOREBRAND ASA - TRANSACTION WILL HAVE A NON-MATERIAL EFFECT ON SOLVENCY AND WILL NOT AFFECT DIVIDEND CAPACITY OF STOREBRAND FOR ACCOUNTING YEAR 2024
TRANSACTION IS EXPECTED TO CLOSE IN SECOND HALF OF 2024
Source text for Eikon: ID:nWkr6tJfD2
Further company coverage: STB.OL
(Gdansk Newsroom)
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