In September, LGT Group had signed an agreement with ABN Amro under which its subsidiary, Delbrück Bethmann Maffei, was to acquire 100% of the shares of LGT Bank Deutschland.
The completion was subject to the satisfaction of closing conditions which have now been met, allowing for the acquisition of LGT Bank Deutschland to go forward.
Go deeper with GlobalData
After the transaction, Delbrück will have assets under management (AuM) of approximately EUR 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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
