BRIEF-Azimut Holding to buy 50% of LFI Investimentos via its Brazilian JV

viernes 9 de enero de 2015 05:24 GYT

Jan 9 (Reuters) - Azimut Holding SpA

* Through one of its Brazilian joint ventures (JVs), AZ FuturaInvest, signed agreement to acquire 50 percent of LFI Investimentos Ltda (LFI)

* LFI is an independent wealth management company based in Sao Paulo, founded in 2009

* Transaction purchase price of about 8.5 million Brazilian reais ($3.19 million) (around 2.65 million euros) to be paid to LFI founders in four tranches during next five years Source text for Eikon: Further company coverage: ($1 = 0.8472 euros) ($1 = 2.6631 Brazilian reais) (Gdynia Newsroom)