World Markets AG to Acquire F.I.T. Management Limited
World Markets AG announced that it has reached an agreement on the acquisition of F.I.T. Management Limited. The purchase will be completed in January 2013 with a partial payment in cash with the balance being the issue of new shares in the Company. F.I.T. Management Ltd. is a licensed Fund Management Company, which has been managing the F.I.T. Timber Growth Fund for more than ten years. Financial details of the transaction were not disclosed.
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