From GlobeNewswire: 2024-05-27 20:00:00

ABN AMRO has announced the acquisition of Hauck Aufhäuser Lampe, strengthening its top-three position in wealth management in Germany. The purchase will make Bethmann Bank one of the largest banking service providers for wealthy private clients, family businesses, and institutional clients in Germany. HAL’s subsidiaries offering AIFM/Manco and Fund Administration services will not be part of the acquisition. The transaction is expected to be completed in the first quarter of 2025, pending regulatory approval. The deal adds around EUR 26 billion in managed assets and EUR 2 billion in credits to ABN AMRO’s portfolio. The overall impact on ABN AMRO’s CET1 ratio is projected to be approximately 45 basis points.



Read more at GlobeNewswire: ABN AMRO kondigt overname aan van Hauck Aufhäuser Lampe, en