Belgium's Delen Private Bank to buy smaller rival Dierickx Leys
16/07/2024 17:21
BRUSSELS, July 16 (Reuters) - Belgium's Delen Private
Bank has agreed to buy smaller rival Dierickx Leys Private Bank,
the companies said on Tuesday.
Financial details of the takeover were not disclosed, but
Delen Private Bank - in which Belgian holding company Ackermans
& Van Haren is a shareholder - has 58.6 billion euros ($63.76
billion) of assets under management while Dierickx Leys has 3
billion euros of client assets under management.
($1 = 0.9191 euros)
(Reporting by Sudip Kar-Gupta
Editing by David Goodman
)
((sudip.kargupta@thomsonreuters.com;))