SAO PAULO Oct 10 Italian money manager Azimut
Holding SpA is close to announcing the combination of
Brazilian units AZ Quest Investimentos Ltda and AZ Legan Asset
Management Ltda, two people with direct knowledge of the deal
said on Monday.
The combined firm could have about 4.3 billion reais ($1.3
billion) in assets under management, said one of the people, who
requested anonymity because the deal remains private. The
transaction could be announced as early as Monday, the people
Representatives from Azimut in Brazil declined to comment.
($1 = 3.22 reais)
(Reporting by Guillermo Parra-Bernal and Bruno Federowski;
Editing by Tom Brown)