BWGI to acquire a 6% stake in Elis from Crédit Agricole Assurances.

BWGI, an independent asset management company, agreed to acquire a 6% stake in Elis, a provider of services in cleanliness, corporate image, hygiene, and environment, from Crédit Agricole Assurances, an insurance services provider. Financial terms were not disclosed. “We are excited to become a shareholder of Elis, a company that, under the steady leadership of its management team, has been expanding vigorously, both geographically and by adding value across its broad services offering. Furthermore, the circular economy will continue to gain strategic importance globally and Elis is uniquely positioned to support it,” João Moreira Salles, BWGI CEO.