Julius Baer to acquire majority stake in Kairos
Julius Baer, the leading Swiss private banking group, today announced that it has agreed to increase its stake in Kairos Investment Management SpA (‘Kairos’) by acquiring additional 60.1% of the Milan-based company, following its initial purchase of 19.9% in 2013. The transaction is expected to close in the course of 2016. Julius Baer and Kairos have also agreed to pursue the listing of Kairos on the Italian market as a second step. The transaction will significantly reinforce Julius Baer’s and Kairos’ long-term position in Italy and further fuel Kairos’ ambitious growth trajectory.
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