GAM has entered into agreements for the purchase of 100% of the issued share capital in Arkos Capital –a Swiss-based investment manager with assets under management of Sfr 664 million as at 31 December 2011.
GAM will acquire 74.95% of Arkos’ share capital immediately after the receipt of certain regulatory approvals, which are expected before the end of the second quarter. The remaining stake of 25.05%, which is currently held by the management of Arkos, will...