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Clime Investment Management closes acquisition of CBG Asset Management

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Clime Investment Management closes acquisition of CBG Asset Management

Australia-based Clime Investment Management completed the acquisition of CBG Asset Management Ltd. on July 14.

As part of the transaction, Clime Investment Management issued 375,001 shares at a deemed issue price of 50 Australian cents per share. The purchase consideration included the deferred consideration for the fulfillment of certain warranties, according to a July 16 release.