We advised Alfred Berg Asset Management AB in a transaction in which Elite Asset Management Plc acquired Alfred Berg’s Finland entities, i.e. 100% of the shares in Alfred Berg Asset Management Ltd and Alfred Berg Funds Ltd. Alfred Berg Asset Management AB is BNP Paribas Asset Management’s subsidiary in the Nordic countries.

The major part of the acquisition was paid by issuing Elite’s new shares to the seller, which became a major shareholder in Elite.