Nordea AM expands its Nordic business

Sweden’s Nordea Asset Management announced today it has agreed to acquire a 40 per cent stake in Madrague Capital Partners. Elsewhere the financial group’s latest results showed bigger than expected rise in second-quarter operating earnings.

The deal between Nordea Asset Management and Stockholm-based investment boutique Madrague Capital Partners will see Nordea AM acquiring 40 per cent stake in the local alternative investment boutique for an undisclosed price. Nils Bolmstrand, CEO of Nordea
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