Brief: Clime Investment Management And Ralton Enter Into Heads Of Agreement

Clime Investment Management

07/12/2021 06:20

Dec 7 (Reuters) - Clime Investment Management Ltd  CIW.AX :
    * CLIME AND RALTON HAVE ENTERED INTO HEADS OF AGREEMENT TO
BRING
SMA/MDA OPERATIONS OF BOTH BUSINESSES TOGETHER
    * TRANSACTION IS ANTICIPATED TO BE COMPLETED PRIOR TO 31 DEC
    * UNDER HOA, CLIME WILL HOLD EQUITY POSITION IN RALTON OF
BETWEEN
50% & 75% SUBJECT TO AGREED VALUATIONS OF BUSINESSES
    * TOTAL SMA BUSINESS' COMBINED ASSETS UNDER MANAGEMENT WILL
BE
ABOUT A$330 MILLION

Source text for Eikon:  ID:nASXbdYbtP 
Further company coverage:  CIW.AX 

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