Aug 16 (Reuters) - Clime Investment Management Ltd (CIW) :
- EXCLUSIVE NON-BINDING HEADS OF AGREEMENT WITH MADISON FINANCIAL GROUP AND PRACTICE DEVELOPMENT GROUP
- AGREEMENT TO FORM A STRATEGIC OPERATING ALLIANCE
- ALLIANCE WILL CONSOLIDATE RESPECTIVE SERVICE OFFERINGS OF EACH GROUP INTO A SINGLE ENTITY
- COMBINED, LICENSEES WILL HAVE ABOUT A$8 BILLION IN FUA THROUGH 130 ADVISERS
- CREATION OF A NEW ENTITY, SERVICE CO
- CLIME TO PROVIDE "IN KIND" COMMERCIAL SERVICES OVER AN INITIAL TWO-YEAR PERIOD FOR A 10% EQUITY POSITION IN SERVICE CO
News: CIW Clime Investment Management Says Exclusive Non-Binding Heads Of Agreement With Madison...
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