Fortune Management Inc.

euro adhoc: Fortune Management Inc.
Mergers - Acquisitions - Takeovers / Fortune´s Wealth Management Division sells Participation in Asset Management Companies

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Company Information


11 December 2008 - Fortune Wealth Management Group S.A., the Holding of the Wealth Management Division of Fortune Management Inc. (General Standard, ISIN USU026281027, SIN: A0BLYY) has sold its participation in the Geneva and Bahamas based asset managers Van Daalen & Cie SA and Van Daalen International Ltd. back to the original sellers of these businesses. According to the contract, the purchase price will not be disclosed. After an institutional buyer, with whom Fortune Management Inc. had signed a contract for the sale of the entire Wealth Management Division, failed to perform under the contract, the company started to sell-off the parts of the segment. These efforts are all part of the Restructuring agreed and on-going with the company´s creditors. Further negotiations for the sale of additional parts of the Division are on-going.

(End of the Ad hoc Release)

Profile of FORTUNE Management Inc.: FORTUNE Management Inc., is a publicly listed private equity firm. The company´s shares (ISIN: USU 026281027) are listed in the General Standard segment of Frankfurt Stock Exchange (symbol: FMI1) and on the DIFX in Dubai.

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ots Originaltext: Fortune Management Inc.
Im Internet recherchierbar:

Further inquiry note:
Thomas Luber
FORTUNE Management Inc.
Phone +49 69 9441 8069
c/o Fortune Services Ltd
Bahnhofstrasse 10
P.O. Box 324
CH-6301 Zug

Branche: Financial & Business Services
ISIN:      USU026281027
WKN:        A0BLYY
Börsen:  Börse Berlin / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse Frankfurt / regulated dealing/general standard

Weitere Meldungen: Fortune Management Inc.

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