Brief: OVB Holding To Buy Belgian Brokerage Co Willemot Bijzonder Verzekeringsbestuur

OVB Holding AG

11/12/2018 12:05

Dec 11 (Reuters) - OVB HOLDING AG  O4BG.DE :
    * IS ENTERING ANOTHER EUROPEAN MARKET WITH BELGIUM
    * SIGNS CONTRACT WITH AG INSURANCE NV FOR COMPLETE BUYOUT OF
BELGIAN BROKERAGE CO WILLEMOT BIJZONDER VERZEKERINGSBESTUUR NV
    * PURCHASE PRICE WILL AMOUNT TO A FIGURE IN LOW SINGLE-DIGIT
MILLIONS OF EUROS
    * CONFIDENTIALITY WAS AGREED ON OTHER DETAILS OF CONTRACT.
    * OVB WILL CONTINUE COMPANY UNDER BRAND NAME WILLEMOT
    * CLOSING IS EXPECTED AT END OF Q1 OF 2019

Source text for Eikon:  ID:nEQbhCD0Ca 
Further company coverage:  O4BG.DE 

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