On September 29, 2011 LGT Group announced that it had signed an agreement with ABN AMRO Bank N.V. under which the Dutch bank’s subsidiary, Delbrück Bethmann Maffei AG, will acquire 100% of the shares of LGT Bank Deutschland.
On September 29, 2011 LGT Group announced that it had signed an agreement with ABN AMRO Bank N.V. to acquire German private bank LGT Bank Deutschland by way of its Germany-based private bank, Delbrück Bethmann Maffei AG. After the transaction, Delbrück will have assets under management of approximately €20 billion. Additionally, both companies have entered a cooperation agreement pursuant to which Delbrück clients may access products offered by LGT. LGT Group is a Liechtenstein-based international wealth and asset management firm with approximately CHF 88.1 billion in assets under management.
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