Brief: Alba Reaches In-Principle To Sell Arta Capital To Its Management Team

Corporacion Financiera Alba SA

14/06/2021 17:08

June 14 (Reuters) - Corporacion Financiera Alba SA  ALB.MC :
    * ANNOUNCES IN PRINCIPLE TO SELL ARTA CAPITAL SGEIC TO ITS
MANAGEMENT TEAM
    * FOLLOWING SALE, ARTA CAPITAL SGEIC WILL BECOME INDEPENDENT
MANAGEMENT COMPANY OWNED BY ITS MANAGEMENT TEAM
    * ARTA CAPITAL SGEIC WILL CONTINUE TO MANAGE DEYA CAPITAL
AND ARTA
CAPITAL FUND II
    * MAINTAINS ITS PARTICIPATION IN DEYA CAPITAL Y ARTA CAPITAL
FUND
II AS REFERENCE INVESTOR
    * MAINTAINS ITS SUPPORT AND INVESTMENT INTEREST IN ARTA
CAPITAL IN
THE FUTURE WITH COMMITMENT TO CONTRIBUTE, AS AN INVESTOR, 25% OF
THE FUNDS MANAGED BY ARTA CAPITAL IN FUND III, SOON TO BE
LAUNCHED
    * FUND III WILL HAVE TARGET SIZE OF 400 MILLION EUROS AND
SAME
INVESTMENT STRATEGY AS LAST FUND

Source text for Eikon:  ID:nCNMbHfCW5 
Further company coverage:  ALB.MC 

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