November 2, 2016 / 10:07 PM / in 10 months

BRIEF-CI Financial to acquire a majority stake in Grant Samuel Funds Management

Nov 2 (Reuters) - CI Financial Corp

* CI Financial Corp - Terms were not disclosed

* CI Financial Corp - An agreement under which CI will purchase an 80% stake in GSFM.

* Under transaction agreement, current GSFM executives will retain a 20% stake in company

* CI Financial Corp- Company will continue to operate under GSFM name

* CI Financial Corp - Existing GSFM Team will remain in place

* CI Financial Corp - Company will continue to operate under GSFM name

* CI Financial to acquire a majority stake in grant samuel funds management, a leading australian investment fund manager Source text for Eikon: Further company coverage:

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