Brief: Van Lanschot Kempen Acquires Remaining Stake In Mercier Vanderlinden

Van Lanschot Kempen NV

22/12/2022 06:42

Dec 22 (Reuters) - Van Lanschot Kempen NV  VLAN.AS :
    * VAN LANSCHOT KEMPEN AND MERCIER VANDERLINDEN TO TAKE NEXT
STEP
IN COLLABORATION BY ACCELERATING ACQUISITION OF REMAINING STAKE
    * VAN LANSCHOT KEMPEN TO ACQUIRE REMAINING 30% STAKE IN
MERCIER
VANDERLINDEN
    * TRANSACTION WILL BE IN CASH (53%) AND SHARES (47% THROUGH
A
SHARE ISSUE)
    * MERCIER VANDERLINDEN PARTNERS TO OBTAIN A STAKE OF MORE
THAN 3%
IN VAN LANSCHOT KEMPEN, WITH A LOCK-UP PERIOD TO 2030
    * POSITIVE IMPACT ON CAPITAL RATIO EXPECTED TO AMOUNT TO 80
BASIS
POINTS
    * IMPACT ON 2022 RESULTS OF AROUND EUR 18 MILLION NEGATIVE,
DUE TO
TECHNICAL ACCOUNTING TREATMENT OF TRANSACTION; IMPACT ON RESULTS
TURNING POSITIVE GOING FORWARD
    * COMBINED COMPANY TO CONTINUE UNDER NAME OF MERCIER VAN
LANSCHOT
IN COURSE OF 2023
    * PARTNERS WILL ALSO CONTINUE TO SERVE IN A MANAGEMENT
CAPACITY

Source text for Eikon:  ID:nGNE2M5zjq 
Further company coverage:  VLAN.AS 
 (Gdansk Newsroom)
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