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BRIEF-Fiera Capital consolidates ownership in Fiera Properties

Published 2017-11-22, 12:37 p/m
BRIEF-Fiera Capital consolidates ownership in Fiera Properties
FSZ
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Nov 22 (Reuters) - Fiera Capital Corp FSZ.TO :

* Fiera Capital consolidates ownership in Fiera Properties - Peter Cuthbert appointed president of Fiera Properties

* Says total consideration for transaction will be $32 million

* Says fiera Capital expects acquisition to be slightly accretive within first full fiscal year following close of transaction

* Says entered into binding LOI to acquire remaining 45% interest in Fiera Properties Ltd it does not already own from minority shareholders

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