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Institutional Financial Markets Inc to sell European Operations for about $8.7 mln


Wednesday, 20 Aug 2014 08:00am EDT 

Institutional Financial Markets Inc:Announced that it has reached definitive agreement to sell its European operations to C&Co Europe Acquisition LLC for about $8.7 mln.Says purchase price consists of an upfront payment at closing of $4.75 mln and up to $3.95 mln to be paid over four years following closing of sale.Under terms of agreement, IFMI will divest its European operations, including asset management and capital markets activities through offices located in London, Paris, and Madrid, and about 30 employees will transition from IFMI to C&Co Europe Acquisition LLC. 

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