Brief: Alba Executes Sale Of All Of Its Stake In Arta Capital Sgeic

Corporacion Financiera Alba SA

22/03/2023 08:03

March 22 (Reuters) - Corporacion Financiera Alba SA
 ALB.MC :
    * EXECUTED SALE OF ALL OF ITS STAKE IN ARTA CAPITAL SGEIC,
THAT
BECOMES AN INDEPENDENT MANAGER OWNED BY ITS MANAGEMENT TEAM
    * SALE AND PURCHASE AGREEMENT, ANNOUNCED IN JUNE 2021, HAS
BEEN
EXECUTED ONCE CONDITIONS SET OUT THEREIN, INCLUDING REACHING
MINIMUM AMOUNT OF COMMITMENTS FOR ITS FUND III
    * MAINTAINS ITS SUPPORT AND INVESTMENT INTEREST IN ARTÁ,
WITH
COMMITMENT TO INVEST 100 MILLION EUROS IN ITS FUND III
    * ARTA WILL CONTINUE TO MANAGE ALL VEHICLES IN FORCE, DEYÁ
CAPITAL
AND ARTÁ CAPITAL FUND II, IN WHICH ALBA MAINTAINS ITS
PARTICIPATION AS AN INVESTOR OF REFERENCE

Source text for Eikon:  ID:nCNMbBgJqj 
Further company coverage:  ALB.MC 

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