|Agasti Holdings (formerly Acta Holding) develops business opportunity with Wunderlich Securities|
Agasti Holding(formerly Acta Holding) announced today that it has created a strategic alliance with the US-based Wunderlich InvestmentcCompany, Inc., the holding company for the full-service brokerage firm Wunderlich Securities, Inc. As part of this alliance, Agasti Capital Management will also acquire 50 per cent of Wunderlich’s Norwegian operations for $1 million USD , with an options to purchase the remaining 50% at a later stage. In addition, Agasti Capital Markets will invest USD $2.5million in Wunderlich Investment Company, Inc. in the form of a convertible subordinated debenture as part of an overall move to strengthen the alliance.
Wunderlich Securities in Norway currently has seven employees, growth in revenue and increasing earnings. The company has a presence within real estate, energy/oilfield services and private equity. Strategically, these are all areas and competencies which fit very well with the communicated goals of Agasti Capital Markets.
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