Talanx Sells Shares in C-QUADRAT

January 21, 2016

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.

To read the full press release: please click here.


Categories

Investment Manager M&A, Transactions