Private Client Acquisition

RNS Number : 5093Q

Evolution Group PLC

20 October 2011

 



Embargoed until 07.00, 20 October 2011

The Evolution Group Plc

(the "Evolution Group", the "Group", the "Company")

Private Client Acquisition

The Board of The Evolution Group Plc ("Evolution") (LSE:EVG), the listed investment bank and private client investment management group, is pleased to announce that the agreement between its wholly owned subsidiary Williams de Broë Limited and BNP Paribas Wealth Management S.A. for the acquisition of the entire issued share capital of BNP Paribas Private Investment Management Limited ("PIM"), as announced on 8 August 2011 (the "Agreement"), has now been completed. Completion follows the Financial Services Authority having granted its consent to the change of control of PIM, thereby satisfying the only condition in the Agreement. 

The name of PIM has been changed to Williams de Broë Private Investment Management Limited.

Enquiries:

The Evolution Group Plc                                                           Tel: [phone]     

Alex Snow, CEO Evolution Group                                             

Philip Howell, CEO Williams de Broë Ltd

Pelham Bell Pottinger                                                                Tel: [phone]

Victoria Geoghegan

 

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