Catella completes purchase of APAM stake

Catella APAM

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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