CIMD Intermoney continues to advance its growth and international consolidation strategy after reaching an agreement with Portuguese insurer Fidelidade for its integration as the majority shareholder in IM Gestão de Ativos (IMGA), one of Portugal’s leading independent asset managers, with more than €6.1 billion in assets under management.
This agreement will strengthen the group’s presence in the asset management market, drive new growth opportunities and expand its development capacity both in Portugal and across the rest of Europe. As part of the transaction, Fidelidade will acquire a 70% majority stake in IMGA, while CIMD Intermoney will retain a strong strategic link with the asset manager, continuing to contribute value and expertise.
According to Íñigo Trincado, Chairman of the CIMD Intermoney Group, the transaction represents “a further step” in the group’s growth strategy in the asset management area.
“The incorporation of a partner such as Fidelidade will enable us to expand our range of services, as well as to diversify our objectives both in Portugal and in the rest of Europe. We believe this is a positive transaction for IMGA’s investors, employees and distributors alike,” he said.
For his part, Rogério Campos Henriques, Chief Executive Officer of Fidelidade, noted that once completed, the transaction will strengthen the company’s ability to create long-term savings and investment solutions, helping clients to prepare better and live longer with financial security.
Since acquiring IMGA in 2015, CIMD Intermoney has supported the asset manager through a period of significant growth, almost quadrupling assets under management and consolidating a strong position within the sector.
This transaction reinforces CIMD Intermoney’s vision of offering innovative and sustainable long-term financial solutions for both its clients and its employees
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