July 30, 2018 / 11:41 AM / in 4 months

BRIEF-Schroders Says Transfer Of Eastern European Banking Activities To CBH

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 Source text for Eikon: Further company coverage:

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