BinckBank to increase focus on core activities
(Thomson Reuters ONE) -
Review launched into sale or alliance for BPO (Business Process Outsourcing) and
software and licensing activities of Able BV
As part of a proposed divestment, BinckBank is initiating a review of the
options for a sale or alliance for its non-banking activities, which comprise
the BPO and software & licensing activities. The software and licensing
activities are performed by Able B.V., an independent unit of BinckBank NV The
BPO services are provided by BinckBank NV (Professional Services). The aforesaid
units operate jointly in the market under the name "Able".
With the proposed divestment, BinckBank is according strategic priority to an
accelerated realisation of its Retail strategy for the (European) online
brokerage and asset management services.
Able is the market leader in the Netherlands in the field of the aforesaid non-
banking activities, which require further investment to become profitable. A
potential sale or alliance with other parties will provide a better basis for
Able's non-banking activities to realise the potential built up by this unit of
BinckBank (Professional Services). Able's management supports the review and
would welcome an acquisition or alliance with other parties. Able's services to
independent wealth managers and their (retail) customers are not part of the
review.
Advice will be requested to the Works Councils of BinckBank NV and Able BV.
In the review, BinckBank will protect the interests of all stakeholders,
including employees, customers and shareholders, as much as possible. The
quality of services to professional customers will be safeguarded, regardless of
the outcome of the review.
BinckBank will be assisted by Kempen & Co and others in the review.
BinckBank will inform the market of the results of the review as soon as there
is cause for doing so.
Conference call
BinckBank will provide further information in a Conference Call at 10.00 a.m.
Parties interested in participating can register via pers(at)binck.nl.
Click here for full press release:
http://hugin.info/130685/R/1742094/585513.pdf
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
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originality of the information contained therein.
Source: BinckBank N.V. via Thomson Reuters ONE
[HUG#1742094]
Unternehmensinformation / Kurzprofil:
Datum: 11.11.2013 - 07:19 Uhr
Sprache: Deutsch
News-ID 314744
Anzahl Zeichen: 2941
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"BinckBank to increase focus on core activities"
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