Brief: AssetCo announces conditional acquisition of Ocean Dial Asset Management

Assetco

06/03/2023 07:02

March 6 (Reuters) - Assetco Plc  ASTO.L :
    * ACQUISITION
    * CONDITIONAL ACQUISITION OF OCEAN DIAL ASSET MANAGEMENT
LIMITED
BY ASSETCO
    * ACQUIRE ENTIRE ISSUED SHARE CAPITAL OF OCEAN DIAL ASSET
MANAGEMENT LIMITED ( "ACQUISITION") FROM AVENDUS CAPITAL ASSET
MANAGEMENT (UK) LIMITED FOR A TOTAL CONSIDERATION OF £4.125
MILLION
    * ACQUISITION IS CONDITIONAL ON, INTER ALIA, APPROVAL BY FCA
TO A
CHANGE IN CONTROLLER WHICH IS EXPECTED TO OCCUR BY END OF Q2
2023 AND RESERVE BANK OF INDIA AND SECURITIES EXCHANGE BOARD OF
INDIA WHICH IS EXPECTED TO RUN INTO Q3 2023

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Further company coverage:  ASTO.L