Brief: Temenos To Sell Multifonds For About $400 Mln

Temenos AG

06/02/2025 05:59

Feb 6 (Reuters) - TEMENOS AG  TEMN.S :
    * ANNOUNCES SALE OF MULTIFONDS FOR ABOUT USD 400 MILLION
    * MULTIFONDS EXECUTIVE MANAGEMENT TEAM WILL INVEST ALONGSIDE
MONTAGU
    * TRANSACTION IS SUBJECT TO SATISFACTION OF CUSTOMARY
CLOSING
CONDITIONS AND IS EXPECTED TO BE COMPLETED IN Q2-25
    * WILL PROVIDE FURTHER DETAILS ON IMPACT OF SALE ON OUTLOOK
FOR
2025 AS PART OF ANNOUNCEMENT OF ITS Q4 AND FY-24 RESULTS

Further company coverage:  TEMN.S 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))