Intertrust N.V. announces acquisition of remaining SFM Spain stake and affiliated local service provider
(Thomson Reuters ONE) -
Amsterdam - February 1, 2017 - Intertrust N.V. ("Intertrust" or "the Company")
[ticker symbol INTER], the leading global provider of high-value trust, fund and
corporate services, has acquired the remaining 25% stake in Intertrust
Management Spain, S.L. (formerly known as Structured Finance Management (Spain),
S.L. ("SFM Spain")) together with the affiliated professional services
activities of Azcona y Asociados de Consultoría Tributaria, Jurídica y Contable,
S.L., ("Azcona").
Intertrust acquired a 75% stake in SFM Spain as part of the acquisition of Elian
on September 23, 2016. The remaining 25% of SFM Spain was held by Azcona, a
local Spanish competitor that specialises in the provision of corporate
secretarial, accounting and tax compliance services. Under the joint venture
agreement with Azcona, all clients of SFM Spain were serviced by Azcona. SFM
Spain provides capital markets services to leading financial institutions and
alternative investment funds active in Spain.
The transaction strengthens Intertrust's position in Spain, making it a leading
independent provider of capital markets-, funds- and corporate services. All
Azcona staff members have transferred to the Intertrust team, thereby more than
doubling the headcount of the Madrid office to a total of 63 employees. The
Intertrust and Azcona teams will co-locate in new premises during the course of
2017.
The increased scale of the combined office strengthens Intertrust's client
service capabilities and broadens its career opportunities for employees.
The terms of the transaction are not disclosed. The transaction does not have a
material impact on the Company's financial position or results.
For further information
Intertrust N.V.
Anne Louise Metz
Director of Investor Relations, Marketing & Communications
annelouise.metz(at)intertrustgroup.com
Tel: +31 20 577 1157
About Intertrust
Intertrust is the leading global provider of high-value trust, fund and
corporate services, with approximately 2,400 employees located throughout a
network of 41 offices in 30 jurisdictions across Europe, the Americas, Asia and
the Middle-East. The Company delivers high-quality, tailored services to its
clients with a view to building long-term relationships. Intertrust's business
services offering is comprised of corporate services, fund services, capital
market services, and private wealth services. Intertrust has leading market
positions in selected key geographic markets of its industry, including the
Netherlands, Luxembourg, Jersey, and the Cayman Islands. Intertrust works with
global law firms and accountancy firms, multi-national corporations, financial
institutions, fund managers, high net worth individuals and family offices.
Intertrust NV Press release - SFM Spain Azcona acquisition - FINAL:
http://hugin.info/171118/R/2075253/780290.pdf
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: Intertrust Group via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 01.02.2017 - 17:45 Uhr
Sprache: Deutsch
News-ID 521395
Anzahl Zeichen: 3575
contact information:
Town:
Amsterdam
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 407 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Intertrust N.V. announces acquisition of remaining SFM Spain stake and affiliated local service provider"
steht unter der journalistisch-redaktionellen Verantwortung von
Intertrust Group (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
