On January 18, 2016, Talanx AG announced that Talanx Asset Management GmbH had sold its 25.1 percent stake in asset manager C-QUADRAT Investment.
Talanx Asset Management GmbH (“Talanx”), based in Hannover, Germany, is selling its interest in C-QUADRAT Investment (“C-QUAD”) to U.K.-based Cubic Limited for €42 per share. Talanx originally acquired the shares for €12.60 per share in 2010. Talanx expects a €25 million after-tax profit on the investment.
Talanx and C-QUAD have been cooperating in administration and management of investment funds since 2006.
The transaction remains subject to regulatory approval.
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