On May 25, 2012, Financial News reported that Internos Real Investments has agreed to acquire Invista Real Estate Investment Management in a transaction worth £33.6 million.
On May 25, 2012, Financial News reported that Internos Real Investments has agreed to acquire all of the shares of Invista Real Estate Investment Management. Invista was spun out by HBOS in 2006. In October 2010 the bank announced plans to move its £2.4 billion in assets to its in-house investment manager and began to wind down its operations. In December, 2011 Internos took on two Invista funds and the bank’s Paris investment team. Internos manages approximately €2.1 billion in assets across nine European countries. Under the terms of the transaction ordinary shareholders will receive 12.5 pence per share and preferred ordinary shareholders will receive £1 per share.
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