C-Quadrat Luxembourg SA agreed to acquire 51% stake in Advenis Investment Managers from Advenis SA (ENXTPA:ADV) for €2.4 million on December 5, 2017. The acquisition will be financed with a combination of equity and external funds. Carlos Michienzi will become the Chairman of Advenis Investment Managers. The acquisition is subject to among other things, the condition precedent of the approval of French Autorite des Marches Financiers (AMF), Paris. The acquisition is expected to close in the first quarter of 2018. C-Quadrat Luxembourg SA completed the acquisition 51% stake in Advenis Investment Managers from Advenis SA (ENXTPA:ADV) on May 22, 2018. The acquisition has been approved by the regulatory authorities.