Belgium’s Bank Degroof and Petercam To Merge

January 21, 2015

On January 20, 2015, Belgium’s Bank Degroof announced that it had signed a memorandum of understanding to merge with Belgium’s Petercam.

On January 20, 2015, Belgium’s Bank Degroof announced that it had signed a memorandum of understanding to merge with Petercam.  The combined private banking entity would hold € 47 billion assets under management.

The deal is subject to the completion of due diligence and approval by different authorities.  The parties expect to sign the merger agreement during the first half of 2015 and to close the deal in the latter half of 2015.

To read the press release: please click here.


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Investment Manager M&A, Transactions