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New Silkroutes acquires 66% stake in European fund manager for US$2.6 mil

Michelle Zhu Published on Thu, Oct 19, 2017 / 8:28 AM GMT+8

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SINGAPORE (Oct 19): New Silkroutes Capital (NSC), the investment arm of New Silkroutes Group (NSG), is acquiring a 66% stake in European fund manager Culross Global Holdings.

The group will pay US$2.6 million ($3.5 million) in cash and new shares for the purchase.

NSG says the acquisition will not only allow NSC to acquire essential wealth management capabilities, but also operate seamlessly in European time zones in key European cities.

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