July 8, 2020 / 4:45 AM / a month ago

BRIEF-VP Bank Takes Over Private Banking Business Of Oehman Bank In Luxembourg

July 8 (Reuters) - VP BANK AG:

* TAKES OVER THE PRIVATE BANKING BUSINESS OF ÖHMAN BANK S.A. IN LUXEMBOURG AND FURTHER EXPANDS ITS NORDICS BUSINESS

* SIGNED AN AGREEMENT TO TAKE OVER THE PRIVATE BANKING ACTIVITIES OF ÖHMAN BANK S.A. IN LUXEMBOURG

* IT WAS AGREED NOT TO DISCLOSE THE PURCHASE PRICE

* THE TRANSACTION SHOULD BE COMPLETED BY 1 JANUARY 2021 AT THE LATEST Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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