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Zavarovalnica Triglav dd's Triglav Skladi doo Takes Over Fund Management Business from Abanka Skladi doo

Thursday, 13 Jun 2013 09:24am EDT 

Zavarovalnica Triglav dd announced that its subsidiary, Triglav skladi doo and Abanka Skladi doo, a subsidiary of Abanka Vipa dd concluded the agreement on the transfer of Fund Management. Pursuant to the Investment Funds and Management Companies Act and the above mentioned agreement, the management of the sub-funds of the umbrella fund ABANKA SKLADI will be transferred to Triglav Skladi doo as soon the latter is issued a relevant approval from the Securities Market Agency. Triglav Skladi doo currently manages 17 mutual funds with EUR 473.2 million of assets as of June 10, 2013. According to the transfer agreement, the Company will take over the management of additional 12 mutual funds and assets amounting to EUR 51.2 million as of June, 10, 2013 from Abanka Skladi doo. Simultaneously with the agreement on the transfer of fund management, Triglav Skladi doo and Abanka Vipa dd entered into the agreement on the Brokerage of Services Related to Mutual Fund Coupons, with which the two partners agreed on long-term co-operation in the marketing of mutual funds. 

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