Brief: Van Lanschot Kempen Acquires Robeco's Online Investment Platform

Van Lanschot Kempen NV

02/02/2023 07:15

Feb 2 (Reuters) - Van Lanschot Kempen NV  VLAN.AS :
    * VAN LANSCHOT KEMPEN ENTERS INTO STRATEGIC PARTNERSHIP WITH
ROBECO AND ACQUIRES ONLINE INVESTMENT PLATFORM
    * ACQUISITION WILL PUT VAN LANSCHOT KEMPEN IN AN EXCELLENT
VANTAGE
POSITION TO FURTHER GROW ITS ONLINE INVESTMENT PROPOSITION
    * FOLLOWING A TWO-YEAR INTEGRATION PERIOD, NEW COMBINE IS
EXPECTED
TO BREAK EVEN IN 2025
    * NEW COMBINE EXPECTED SUBSEQUENTLY TO MAKE A POSITIVE
CONTRIBUTION TO VAN LANSCHOT KEMPEN'S NET PROFIT
    * TRANSACTION WILL HAVE A LIMITED NEGATIVE 0.4 PERCENTAGE
POINT
IMPACT ON VAN LANSCHOT KEMPEN'S CAPITAL RATIO
    * ROBECO RETAIL NEDERLAND EMPLOYEES WILL JOIN VAN LANSCHOT
KEMPEN
    * ROBECO'S INVESTMENT FUNDS WILL CONTINUE TO BE OFFERED ON
EVI VAN
LANSCHOT'S PLATFORM, AND IMPACT ON ROBECO'S AUM WILL THEREFORE
BE LIMITED
    * TWO-YEAR INTEGRATION PATH IS ENVISAGED AND IS EXPECTED TO
INVOLVE ONE-OFF COSTS OF BETWEEN C. EUR 8 MILLION AND EUR 11
MILLION
    * TRANSACTION IS EXPECTED TO BE COMPLETED IN JUNE 2023

Source text for Eikon:  ID:nGNEWQbTb 
Further company coverage:  VLAN.AS 
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