Brief: Van Lanschot Kempen Completes Acquisition Of Robeco Online Investment Platform

Van Lanschot Kempen NV

03/07/2023 07:09

July 3 (Reuters) - Van Lanschot Kempen NV  VLAN.AS :
    * COMPLETES ACQUISITION OF ROBECO ONLINE INVESTMENT
PLATFORM;
WELCOMES CLIENTS AND EMPLOYEES TO EVI VAN LANSCHOT
    * WITH THIS TRANSACTION, EVI VAN LANSCHOT WILL BECOME A
LEADING
ONLINE INVESTMENT PLATFORM IN NETHERLANDS, WITH COMBINED ASSETS
UNDER MANAGEMENT OF AROUND EUR 6 BILLION AND ABOUT 150,000
CLIENTS
    * TRANSACTION WILL HAVE A NEGATIVE IMPACT ON VAN LANSCHOT
KEMPEN'S
CET 1 RATIO OF 0.5 PERCENTAGE POINTS
    * TWO-YEAR INTEGRATION PATH IS ENVISAGED AND IS EXPECTED TO
INVOLVE ONE-OFF COSTS OF BETWEEN C. EUR 8 MILLION AND EUR 11
MILLION
    * NEW COMBINATION IS EXPECTED TO BREAK EVEN BY 2025 AND THEN
TO
START MAKING A POSITIVE CONTRIBUTION TO VAN LANSCHOT KEMPEN'S
NET PROFIT

Source text for Eikon:  ID:nGNE41Xz0z 
Further company coverage:  VLAN.AS 

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