In accordance with a press release on June 10, 2020, Athanase Industrial Partners ("Athanase") acquisition of 70 percent of the shares in Catella Fondförvaltning AB from Catella AB (publ) was subject to customary regulatory approvals by the Swedish Financial Supervisory Authority and CSSF in Luxembourg. All approvals have now been obtained and the acquisition has been completed.
The final consideration amounts to SEK 140 million and the total effect on profit after tax, including transaction costs, amounts to SEK -9 million of which costs of SEK 7 million were reported during the first half of 2020. The effect on profit after tax, including transaction costs, amounts to SEK -2 million during the third quarter 2020.
The strategic partnership between Catella and Athanase, through which Catella Fund Management AB intends to develop and improve the customer offering, is ongoing. During January 2022 Catella has the right to divest and Athanase the right to acquire the remaining 30 percent of the shares for a purchase price of SEK 60 million.
This information was distributed by Cision http://www.cisionwire.se/