Brief: Van Lanschot Kempen To Acquire 70% Stake In Mercier Vanderlinden, To Reach 100% By End-2025

Van Lanschot Kempen NV

07/04/2021 07:26

April 7 (Reuters) - Van Lanschot Kempen NV  VLAN.AS :
    * VAN LANSCHOT KEMPEN AND MERCIER VANDERLINDEN JOIN FORCES IN THE BELGIAN
WEALTH
MANAGEMENT MARKET
    * VAN LANSCHOT KEMPEN AND SHAREHOLDERS IN MERCIER VANDERLINDEN HAVE AGREED
TO
ENTER INTO A PARTNERSHIP BY WAY OF VAN LANSCHOT KEMPEN ACQUIRING A MAJORITY
STAKE IN MERCIER VANDERLINDEN
    * TRANSACTION WILL PROCEED SUBJECT TO APPROVAL OF REGULATORS AND IS EXPECTED
TO
COMPLETE IN Q3 OF 2021
    * WILL ACQUIRE A 70% STAKE IN MERCIER VANDERLINDEN, FOLLOWED BY A
STEP-BY-STEP
INCREASE TO 100% BY END OF 2025
    * TRANSACTION IS EXPECTED TO HAVE AN IMPACT OF APPROXIMATELY 4 PERCENTAGE
POINTS
ON VAN LANSCHOT KEMPEN'S CAPITAL RATIO

Source text for Eikon:  ID:nGNE4Jj078 
Further company coverage:  VLAN.AS 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))