August 20, 2019 / 5:15 AM / a month ago

BRIEF-Bellevue Group Sells Bank am Bellevue To KBL Epb

Aug 20 (Reuters) - Bellevue Group AG:

* SELLS BANK TO KBL EPB - STRATEGIC FOCUS ON ASSET MANAGEMENT AND PRIVATE MARKET ACTIVITIES

* PROCEEDS TO BE USED FOR ORGANIC AND INORGANIC BUSINESS DEVELOPMENT

* TAKEOVER OF STAFF AND CLIENTS WITH ASSETS UNDER MANAGEMENT OF CHF 1.7 BN

* CLOSING OF TRANSACTION IS EXPECTED BY Q1 OF 2020 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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