Investment Company Soncorde Сapital yesterday completed its acquisition of AMC Pioglobal Ukraine "at the investment company" Socrates ". "As a result of the transaction volume of assets under management of Concorde Capital was increased to 90 million UAH. That brought the company into the top three market leaders in total net assets under management" - the press-service company. According to executive director of the management company "Socrates" Grigory Ovcharenko, the main reason for buying AMC - the desire to develop the direction of ICI. "The company Concorde Capital, this kind of business has not been sufficiently developed, and this purchase will put him right in the top three leaders", - said Grigory Ovcharenko. According to the

Director of Strategic Development Concorde Capital Gregory Pelekh, shortly Group Concorde Capital intends to continue growing our assets under management, using a strategy of buying asset management companies. Recall that in May last year the company "Socrates" acquired Asset Pioglobal Ukraine and decided to operate under this brand. The total value of net assets in the management of the company on January 1, 2010 exceeds 75 million UAH. The price and other details of the transaction were not disclosed. How do you think, why the company "Socrates" is selling part of its assets?