- VP Bank (Luxembourg) SA (“VPB”) is a fully owned subsidiary of VP Bank AG, an internationally positioned private bank listed at the SIX Swiss Exchange.
- Catella Bank SA (“Catella”) is a leading specialist in property investments and advisory, fund management and banking. Catella is a fully owned subsidiary of Catella AB (publ), a financial group listed on the Stockholm Stock Exchange.
- Following a strategic review, Catella was exploring the potential sale of the bank’s wealth management business unit. In October 2018, VPB entered an asset transfer agreement to acquire the wealth management operations in Luxembourg from Catella. The transaction in the form of an asset deal involves the acquisition of about 10 employees and client assets of approximately CHF 900 million. The corresponding purchase price is about CHF 12 million.
- CFM acted as financial advisor to VPB in this transaction.
Undefined
Image:
Status:
Normal