Edition:
United Kingdom

Schroders Says Transfer Of Eastern European Banking Activities To CBH


Monday, 30 Jul 2018 

July 30 (Reuters) - Schroders PLC ::SCHRODERS ANNOUNCES TRANSFER OF EASTERN EUROPEAN BANKING ACTIVITIES TO CBH COMPAGNIE BANCAIRE HELVÉTIQUE SA.SCHRODER & CO BANK AG, CBH REACHED DEAL FOR CBH TO TAKEOVER SCHRODERS’ EASTERN EUROPEAN PRIVATE BANKING BUSINESS.CURRENT CLIENT PORTFOLIO FROM ITS EASTERN EUROPEAN PRIVATE BANKS IS IN THE REGION OF CHF 700 MILLION AUM(AS AT 30 JUNE 2018).FINANCIAL TERMS OF THE ACQUISITION ARE NOT DISCLOSED, THIS TRANSACTION WILL NOT IMPACT THE EQUITY STRENGTH OF CBH. 

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23 Aug 2019