BinckBank not in takeover process Keytrade
(Thomson Reuters ONE) -
Following a thorough review of a possible takeover of Keytrade in Belgium,
BinckBank decided not to pursue this possibility and announces that it has no
further interest in a takeover of Keytrade at the moment. The asking price for
Keytrade is substantially higher than the level at which BinckBank would be
interested to explore a takeover. BinckBank does not rule out its participation
in the takeover process should the asking price develop favourably.
Vincent Germyns, Chairman of the Executive Board: "The strategy of BinckBank,
which has been sharpened just recently, is based on our own strengths. We
believe it was in line with our fiduciary responsibility to review a possible
takeover of Keytrade. We found insufficient value to be able to offer a price
near the asking price."
click here for press release:
http://hugin.info/130685/R/1953812/711014.pdf
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Source: BinckBank N.V. via GlobeNewswire
[HUG#1953812]
Unternehmensinformation / Kurzprofil:
Datum: 22.09.2015 - 19:02 Uhr
Sprache: Deutsch
News-ID 421906
Anzahl Zeichen: 1518
contact information:
Town:
Amsterdam
Kategorie:
Business News
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