Julius Baer to sell Italian business

Julius Baer Group and Kairos' co-shareholders have agreed to sell 100% of Kairos to Anima Holding. Closing of the transaction is expected in spring 2024, it said in a statement on 16 November. Italian asset and wealth management company Kairos is part of Julius Baer Group, with Kairos management retaining an approximately 35% interest since 2021. Julius Baer and Kairos management have now agreed to sell Kairos (by way of Kairos SGR) to Anima Holding SpA (Anima) for approximately €20-25m. All Kairos senior management and co-shareholders will join Anima as part of the envisaged tran...