The shareholders' meeting of Arca Sgr approved the 2012 financial statements which close with a net profit of 17 million euros. The shareholders have decided to allocate the profit to an extraordinary reserve to support the development of the company. At the end of 2012, the company's equity had risen to 121,9 million. Total assets under management amounted to 18,5 billion.
On the extraordinary transactions front, in 2012 Arca Sgr acquired the collective management business branch of Vega AM SpA which included 14 mutual funds incorporated under Italian law with assets of 539,6 million euro, and on 2013 January 14 the acquisition of the Bpvi Fondi Sgr collective management and institutional management business unit including 1.467,0 mutual funds incorporated under Italian law, insurance and pension management with total assets of 2012 million euro. Again in 2012, a series of funds were merged and the offer of new types of coupon mutual funds was strengthened. “The XNUMX results demonstrate the validity of the relaunch choices undertaken by the company which concerned the governance, the corporate structure and the management activity”, commented the chairman Guido Cammarano.
