Jovian Agrees to Sell Exchange Traded Funds Business to South Korea’s Mirae for C$93.9 Million

Winnipeg-based financial services company, Jovian Capital Corporation, has agreed to sell its 58% stake in BetaPro Management to South Korea’s Mirae Asset Global Investment Co Ltd. for C$93.9 million. BetaPro Management is Canada’s third largest exchange-traded funds business valued at about C$150 million. Mirae is a major mutual fund manager in South Korea. The deal is expected to close within the next 120 days.