By Richard Hook2018-12-13T11:50:00
European property investment group Catella has completed its acquisition of 75% of the share capital of UK investment manager APAM.
Sweden-based Catella, which is listed on Nasdaq Stockholm, acquired the stake to take control of APAM for £18m, on a debt and cash free basis.
The takeover, originally agreed in March, has now been approved by regulators Commission de Surveillance du Secteur Financier (CSSF).
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