Brief: VP Bank Takes Over Private Banking Business Of Oehman Bank In Luxembourg

VP Bank AG

08/07/2020 05:41

July 8 (Reuters) - VP BANK AG  VPBN.S :
    * TAKES OVER THE PRIVATE BANKING BUSINESS OF ÖHMAN BANK S.A.
IN
LUXEMBOURG AND FURTHER EXPANDS ITS NORDICS BUSINESS
    * SIGNED AN AGREEMENT TO TAKE OVER THE PRIVATE BANKING
ACTIVITIES
OF ÖHMAN BANK S.A. IN LUXEMBOURG
    * IT WAS AGREED NOT TO DISCLOSE THE PURCHASE PRICE
    * THE TRANSACTION SHOULD BE COMPLETED BY 1 JANUARY 2021 AT
THE
LATEST

Source text for Eikon:  ID:nNDL3vvFFH 
Further company coverage:  VPBN.S 

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