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BRIEF-Impax Asset Management to acquire Pax World Management LLC
September 18, 2017 / 6:14 AM / a month ago

BRIEF-Impax Asset Management to acquire Pax World Management LLC

Sept 18 (Reuters) - IMPAX ASSET MANAGEMENT GROUP PLC :

* ENTERED INTO AGREEMENTS TO ACQUIRE 100% OF PAX WORLD MANAGEMENT LLC

* TO ACQUIRE 100% OF PAX AT AN INITIAL VALUATION OF US$52.5 MILLION

* ADDITIONAL CONTINGENT PAYMENTS OF UP TO US$37.5 MILLION PAYABLE IN 2021, SUBJECT TO PAX‘S PERFORMANCE Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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