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BRIEF-Corestate Capital Holding buys 100 pct stake in ATOS Group
September 29, 2017 / 5:46 AM / in 20 days

BRIEF-Corestate Capital Holding buys 100 pct stake in ATOS Group

Sept 29 (Reuters) - CORESTATE CAPITAL HOLDING SA:

* PURCHASES ATOS CAPITAL WITH C. EUR 2BN AUM AND STRENGTHENS MANAGEMENT OF ITS COMMERCIAL REAL ESTATE ASSET MANAGEMENT

* ‍TRANSACTION EXPECTED TO BE ACCRETIVE TO EARNINGS AND ENHANCES RECURRING NATURE OF REVENUE​

* ‍ASSETS UNDER MANAGEMENT WILL GROW TO APPROX. EUR 22BN AT YEAR END​

* ‍PURCHASE PRICE FOR ATOS WAS NOT DISCLOSED, HOWEVER, IT IS LESS THAN 5 TIMES ITS 2018 EXPECTED NET INCOME​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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