Brief: VP Bank: VP Bank (Luxembourg) SA Takes Over The Private Banking Of Catella Bank S.A.

VP Bank AG

26/10/2018 06:09

Oct 26 (Reuters) - VP Bank AG  VPBN.S :
    * VP BANK (LUXEMBOURG) SA TAKES OVER THE PRIVATE BANKING OF CATELLA BANK S.A. IN LUXEMBOURG
    * CORRESPONDING PURCHASE PRICE IS ABOUT CHF 12 MILLION
    * TRANSACTION IN THE FORM OF AN ASSET DEAL
    * ASSET DEAL INVOLVES ACQUISITION OF ABOUT 10 EMPLOYEES AND CLIENT ASSETS OF APPROXIMATELY
CHF 900
MILLIO
    * COMPLETION OF THE TRANSACTION IS SCHEDULED FOR 1 FEBRUARY 2019 AT THE LATEST
    * ASSET DEAL INVOLVES ACQUISITION OF ABOUT 10 EMPLOYEES AND CLIENT ASSETS OF APPROXIMATELY
CHF 900
MILLION

Source text - https://bit.ly/2O9GlL0
Further company coverage:  VPBN.S 

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