October 26, 2018 / 5:17 AM / 19 days ago

BRIEF-VP Bank: VP Bank (Luxembourg) SA Takes Over The Private Banking Of Catella Bank S.A.

Oct 26 (Reuters) - VP Bank AG:

* VP BANK (LUXEMBOURG) SA TAKES OVER THE PRIVATE BANKING OF CATELLA BANK S.A. IN LUXEMBOURG

* TRANSACTION IN THE FORM OF AN ASSET DEAL

* ASSET DEAL INVOLVES ACQUISITION OF ABOUT 10 EMPLOYEES AND CLIENT ASSETS OF APPROXIMATELY CHF 900 MILLIO

* COMPLETION OF THE TRANSACTION IS SCHEDULED FOR 1 FEBRUARY 2019 AT THE LATEST

* ASSET DEAL INVOLVES ACQUISITION OF ABOUT 10 EMPLOYEES AND CLIENT ASSETS OF APPROXIMATELY CHF 900 MILLION Source text - bit.ly/2O9GlL0 Further company coverage: (Gdynia Newsroom)

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