StockMarketWire.com - JZ Capital Partners has agreed to sell its equity interest in Fidor Bank AG to Groupe BPCE, the second largest banking group in France.

JZCP first invested in Fidor in August 2013 through its EuroMicrocap Fund 2010, LP and has since worked with the senior management team, including Matthias Kroner, CEO, and Wolfgang Strobel, CFO, to grow and develop the business. JZCP invested a total of $18.4 million and is expected to receive total gross proceeds of approximately $34.3 million from the sale.




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