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Vontobel Acquires Stake in Ancala Partners Amid 2023 Profit Drop.

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  • Author(s): Balezou, Myriam (AUTHOR)
  • Source:
    Bloomberg.com. 2/8/2024, pN.PAG-N.PAG. 1p.
  • Additional Information
    • Subject Terms:
      Mergers & acquisitions; Renewable energy transition (Government policy); Corporate profits; Infrastructure (Economics); Circular economy
    • Abstract:
      Swiss bank Vontobel Holding AG has acquired a minority stake in UK-based infrastructure manager Ancala Partners LLP. The acquisition is part of Vontobel's expansion into institutional private markets and will be financed using the bank's existing capital. The deal is expected to close by the third quarter of 2024, pending regulatory approval. Vontobel reported a drop in net income for 2023, but its assets under management remained stable. Ancala Partners manages over 4 billion euros in assets, focusing on infrastructure sectors such as renewable energy, transport, utilities, and the circular economy. [Extracted from the article]
    • Abstract:
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