MLP subsidiary FERI strengthens activities in Switzerland

Wiesloch, 6th November 2014 – FERI AG, a wholly-owned subsidiary of MLP AG, is strengthening its activities in Switzerland. For this purpose, it has reached agreement with the owners of Michel & Cortesi Asset Management AG concerning the acquisition of their company. The parties also agreed not to disclose the purchase price.

Michel & Cortesi Asset Management AG is an independent provider of investment solutions in the Swiss market. The company focuses on portfolio management as well as on the provision of consulting and advisory services to institutional and private clients. Assets under Management amount to around EUR 250 million. After completion of the transaction and receipt of all the necessary approvals from the supervisory authorities, the intention is to integrate the company into FERI Trust AG (Switzerland).

Further information is contained in a press release issued by FERI AG at http://www.feri.de/presse-news/.

Download press release (PDF, 27KB)