ABN AMRO announces completion of the sale of its private banking activities in Asia and the Middle East
(Thomson Reuters ONE) -
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:
http://hugin.info/172722/R/2100628/796293.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: ABN AMRO via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 30.04.2017 - 16:30 Uhr
Sprache: Deutsch
News-ID 539255
Anzahl Zeichen: 1211
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"ABN AMRO announces completion of the sale of its private banking activities in Asia and the Middle East"
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