Ardian Confirms Exclusive Talks to Buy Majority Stake in DIAM

Ardian enters into exclusive negotiations to acquire a majority stake in DIAM, alongside BNP Paribas Développement and management team, which would reinvest significantly, the private equity group says in a statement.

• Completion of the transaction remains subject to the usual conditions precedent and the approval of relevant regulatory authorities
• “We are convinced that this strategic partnership will enable DIAM to pursue its growth trajectory and assert its global leadership,” Ardian’s head of Expansion France Arnaud Dufer says
• NOTE: Ardian Said in Advanced Talks to Invest in French Business DIAM

To contact the reporter on this story:
Gabriela Mello in London ...