Evergreen Investments is acquiring a 70% stake in privately held...

Evergreen Investments is acquiring a 70% stake in privately held European Credit Management, a London fixed-income manager with about $26 billion in assets under management, said Laura Fay, Evergreen spokeswoman. Terms were not disclosed. Ms. Fay said the transaction is expected to close later this quarter. Evergreen has $258 billion in assets under management.