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AlTi Tiedemann Global Expands European Presence and enters Germany with Acquisition of Kontora

1. ALTI acquires Kontora Family Office, boosting assets under management significantly. 2. Kontora, with Є14 billion AUM, enhances ALTI's offerings in wealth management.

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-2.12%S&P 500
$3.5103/06 04:19 AM EDTEvent Start
$3.45503/07 10:54 AM EDTLatest Updated
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FAQ

Why Bullish?

Acquisition of Kontora enhances ALTI’s market position and asset base, similar to previous successful acquisitions in wealth management that have led to increased stock valuations.

How important is it?

The acquisition aligns with ALTI's strategic growth initiatives, potentially leading to increased revenues and market share, making it highly relevant to ALTI stakeholders.

Why Long Term?

The acquisition is expected to enhance ALTI's growth trajectory and market presence over the long term, akin to previous market expansions leading to sustained stock price appreciation.

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TROWBLKIVZ
NEW YORK--(BUSINESS WIRE)--AlTi Global, Inc. (NASDAQ: ALTI) (“AlTi” or “AlTi Tiedemann Global”), a leading independent global wealth manager with over $77 billion in combined assets, announces the acquisition of Kontora Family Office GmbH (“Kontora”). Kontora is a multi-family office and asset management company headquartered in Hamburg, Germany focused on UHNW families, entrepreneurs and select institutions. The firm has assets under management (“AUM”) of approximately Є14 billion. The acquisi.

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