CNVM Approves Intercapital Invest's Takeover of Investica

Romania's National Securities Commission (CNVM) has approved the takeover of fund manager Investica Asset Management by Intercapital Invest. Following the finalization of the acquisition process (estimated to last no more than 4 weeks), Intercapital Invest will own 99.99% of Investica. CNVM has also approved the change of Investica's head office to 33 Aviatorilor Blvd, First Floor, Sector 1, Bucharest. The change becomes effective on Monday, December 14th.

The acquisition of Investica by Intercapital Invest allows the company to expand the product range offered to investors. The first product launched following the takeover will be a money-market mutual fund, to be launched in the first months of 2010.




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