4th December 2006, DUBAI - Legatum Capital announced today the successful completion of its de-merger from Sovereign Global Investment following the decision to separate the assets of the companies and to form two new independent investment organisations.
Legatum Capital will continue its global investment activities in keeping with the heritage developed at Sovereign Global over the last two decades. In particular, the firm will continue to invest in India's long term future by allocating capital to its leading businesses and supporting the development of its capital markets.
Christopher Chandler, Chairman of Legatum Global Holdings said, "At Legatum, we are passionate about encouraging the efficient allocation of capital and seeing the contribution that this can make to the wider community. We believe that the enduring success of our organisation is inextricably linked to the succesful development of the companies and communities in which we invest. Legatum has invested substantial capital in India because we believe in the country's future and desire to support its development as one of the world's most important economies."
Mark Stoleson, President of Legatum Capital, added, "The completion of the de-merger today is an exciting new chapter in our organisation's history. We remain committed to the Indian capital markets and are seeking to allocate more capital to assist in India's economic growth. Legatum Capital will build upon Sovereign's legacy by continuing to invest in outstanding businesses in India and beyond."
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