ABN AMRO announces completion of the sale of its private banking activities in Asia and the Middle East
ABN AMRO announces completion of the sale of its private banking activities in Asia and the Middle East On 6 December 2016, ABN AMRO announced to have reached an agreement with LGT Group on the sale of ABN AMRO's private banking activities in Asia and the Middle East. The completion, subject to...
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ABN AMRO announces completion of the sale of its private banking activities in Asia and the Middle East
On 6 December 2016, ABN AMRO announced to have reached an agreement with LGT Group on the sale of ABN AMRO's private banking activities in Asia and the Middle East. The completion, subject to certain conditions, was foreseen in Q2 2017. These conditions have been met and as a result the sale was completed today.
The sale is expected to result in a book gain (after provisions and expenses) between USD 210 million (EUR 193 million) and USD 235 million (EUR 215 million) net of tax in Q2 2017.
Completion sale private banking activities Asia and the Middle East
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ABN AMRO via Globenewswire
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ABN AMRO via Globenewswire
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2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti
