Australian Ethical Investment Ltd (AU:AEF) has released an update.
Australian Ethical Investment Ltd has announced a binding agreement to acquire Altius Asset Management, enhancing its sustainable fixed income asset management and adding approximately A$2 billion to its funds under management. The deal includes a A$4.25 million cash payment upon completion and additional future payments, aligning with Australian Ethical’s growth strategy in responsible investing. This strategic move will also see Australian Unity become a major institutional client and foster further co-investment opportunities.
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