28 June 2019
doValue, the Italian NPL specialist, acquired 85% of Altamira Asset Management from firms controlled by Apollo Global Management, Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority. The Italian firm paid 360 million euros.
The operation had been originally announced in December. doValue finalised the acquisition this month after Banco Santander decided not to exercise its tag-along rights, maintaining its 15% stake. DoValue had offered to acquire 100% of the firm.
After the acquisition, DoValue will have €130 billion in assets under management.
Original Story: EjePrime