Unigestion goes private

Unigestion Management Holding has announced plans to launch a tender offer together with a group of investors to acquire the remaining 29% interest in Unigestion Holding. The investor group is comprised of institutions, directors and members of Unigestion's management. UMH owns a 71% interest in Unigestion Holding, which is currently quoted on the SWX Swiss Exchange. The tender offer proposal is priced at SFr 91 (EUR 61.9) per share and has already been approved by the company's board of directors based on a fairness opinion given by KPMG Fides Peat. In the year to 31st December 2002, Unigestion generated a net profit of SFr 3.1m (EUR 2.1m). During the year, the company's assets under management increased by SFr 300m (EUR 204.3m) to SFr 4.5bn (EUR 3.06bn).

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• DACH