Kairos prepare the landing a Business Square for mid-2016. The announcement was made in a note released today by the Swiss group Julius Baer, the third Swiss bank which currently holds 19,9% of the capital of the Italian financial management and intermediation company founded and led by Paolo Basilico.
A share which, according to the press release, is destined to increase in view of the listing on the Stock Exchange: “Considering the excellent performance of Kairos, Julius Baer has started negotiations for increase its share and is consequently considering the listing of an adequate minority stake in the company on the Italian stock exchange”.
The partnership between Julius Baer and Kairos was ratified by an agreement reached three years ago under which Julius Baer's Italian SIM was integrated into Kairos and Julius Baer acquired 19,9% of the group founded by Paolo Basilico which already last year he had not ruled out the possibility of a listing of Kairos, which, at the end of October, manages assets for 8 billion euro.
