Invesco buys HVB fund arm

14 November 2003

The transaction involves the transfer of ¤3.5bn (£2.43bn) of property funds in Europe and the US, and 33 employees based in Munich and New York. Invesco and HVB will hold 75.1% and 24.9% respectively in a joint company. HVB will bring seven property investment firms and two property special funds, ...

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