Dexia Announces Sale of Dexia Asset Management to GCS Capital

December 17, 2012

On December 14, 2012, Dexia SA announced that it had signed a Share Purchase Agreement with GCS Capital to sell Dexia Asset Management for €380 million.

On December 14, 2012, Dexia SA announced that it has signed a Share Purchase Agreement with GCS Capital to sell Dexia Asset Management for €380 million, subject to customary closing conditions and adjustments.  This transaction is also subject to the approval of regulators and the European Commission.  The terms of the transaction, expected to close in Q1 of 2013, were not disclosed.  GCS Capital is a strategic investor based in Hong Kong. 

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions